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

1 Faculty News November 23, 2016 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

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)