# Prof. Edward Altman on the types of companies that may face bankruptcy in 2013

1 Faculty News January 24, 2013 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/2013/01/24/usa-bankruptcies-idUSL1N0ATHKL20130124) -- "With the U.S. government mulling significant cuts to the defense budget, smaller companies that contract with the government for defense projects could suffer, [Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman) told a group of restructuring professionals at his 12th annual Corporate & Sovereign Credit Market Outlook luncheon."

[Read more](http://www.reuters.com/article/2013/01/24/usa-bankruptcies-idUSL1N0ATHKL20130124)