# Professor Edward Altman discusses bankruptcy in the oil and gas industry

Faculty News

— November 23, 2016

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Excerpt from [Reuters](http://www.reuters.com/article/us-usa-energy-chapter22-analysis-idUSKBN13I0CG) -- "Nearly a fifth of all U.S. companies that exit bankruptcy as a going concern seek creditor protection again within about five years, according to [Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman), a professor emeritus at the Stern School of Business at New York University."

[Read more](http://www.reuters.com/article/us-usa-energy-chapter22-analysis-idUSKBN13I0CG)