# Professor Edward Altman offers insights on corporate bankruptcy

1 Faculty News May 24, 2019 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](https://www.wsj.com/graphics/bankruptcy-power-players/) -- "'Given the exceptional increase in corporate debt at both the investment- and non-investment-grade ratings levels since just prior to the financial crisis in 2007,' said [Edward Altman](https://www.stern.nyu.edu/faculty/bio/edward-altman), a professor emeritus at New York University’s Stern School of Business, 'the impact on corporate defaults and bankruptcy filings could hit record levels coincident with the next economic downturn, possibly in 2020 or 2021.'"

[Read more](https://www.wsj.com/graphics/bankruptcy-power-players/)