# Research from Professor Edward Altman, addressing the total number of bankruptcies involving more than $100 million in debt in 2020, is highlighted

1 Faculty News June 25, 2020 ![Axios logo 192 x 144](/sites/default/files/styles/246w/public/assets/images/axios192x144.jpg?itok=Bt8W0I5L)>

Excerpt from [Axios](https://www.axios.com/corporate-bond-market-assurances-a8b014e4-77e1-468a-a370-7ec30c145ada.html) -- "While high-profile "mega-bankruptcies" such as Hertz and J. Crew make headlines, the total number of bankruptcies involving more than $100 million in debt is likely to be substantially lower this year than we saw during the last recession. That's according to NYU business school professor [Edward Altman](https://www.stern.nyu.edu/faculty/bio/edward-altman), who sees 192 such filings in 2020, compared with 242 in 2009."

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