# Professor Edward Altman predicts that bankruptcies related to COVID-19 shutdowns will set records in the next 12 months; his z-score research is highlighted

1 Faculty News April 10, 2020 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2020-04-10/record-bankruptcies-predicted-in-next-year-as-unemployment-soars?srnd=premium) -- "Bankruptcies related to Covid-19 shutdowns will set records in the next 12 months, according to [Edward Altman](https://www.stern.nyu.edu/faculty/bio/edward-altman), the professor emeritus at New York University’s Stern School of Business who developed a widely used method called the Z-score for predicting business failures."

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