# In a video interview, Professor Edward Altman discusses the rise of corporate bankruptcies and the need for firms who file for insolvency to have a strategy for restructuring

1 Faculty News July 22, 2020 ![BNN Bloomberg Logo 190 x 145](/sites/default/files/styles/246w/public/assets/images/BNN%20Bloomberg%20Logo%20190%20x%20145.jpg?itok=Drpi6Txn)>

Excerpt from [BNN Bloomberg](https://www.bnnbloomberg.ca/economics/video/pandemic-to-bring-on-record-amount-of-billion-dollar-bankruptcies-famed-nyu-professor~1999488) -- "[Edward Altman](https://www.stern.nyu.edu/faculty/bio/edward-altman), NYU Stern School of Business professor and creator of famed Altman-Z-Score model for bankruptcy prediction, joins BNN Bloomberg to discuss the rise of corporate bankruptcies and the need for firms who file for insolvency must have a strategy for restructuring."

[Watch the Video](https://www.bnnbloomberg.ca/economics/video/pandemic-to-bring-on-record-amount-of-billion-dollar-bankruptcies-famed-nyu-professor~1999488)