# Professor Edward Altman comments on why he believes even a rebound in economic activity won't stop a record-breaking wave of bankruptcies in 2020; his Z-Score research is mentioned

1 Faculty News June 18, 2020 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html?referringSource=articleShare) -- "[Edward I. Altman](https://www.stern.nyu.edu/faculty/bio/edward-altman), the creator of the Z score, a widely used method of predicting business failures, estimated that this year will easily set a record for so-called mega bankruptcies — filings by companies with $1 billion or more in debt. And he expects the number of merely large bankruptcies — at least $100 million — to challenge the record set the year after the 2008 economic crisis."

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