# Professor Edward Altman's work on corporate bankruptcy patterns is referenced

1 Faculty News September 18, 2017 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2017-09-18/filing-chapter-22-becomes-enticing-option-for-ailing-retailers) -- "Hundreds of companies throughout history have filed for bankruptcy twice, according to New York University finance professor [Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman), who tracks repeat filers and helped coin the phrase 'Chapter 22' in 1993."

[Read more](https://www.bloomberg.com/news/articles/2017-09-18/filing-chapter-22-becomes-enticing-option-for-ailing-retailers)