Big Warning from Professor Whose Formula Predicts Bankruptcies

This year’s run of “mega” bankruptcies has just begun, says NYU professor Edward Altman, creator of one of the best-known formulas for predicting corporate insolvencies. This according to a recent article in Bloomberg. Altman, creator of the Z-score formula,  says that the number of U.S. companies that have filed for Chapter 11—numbering 30 since January—is likely to double by year end due to increased debt taken on during the pandemic. Bloomberg data shows that on… Read More