Category Archives: Bankruptcy

NYU Stern Professor Edward Altman’s Research on Chapter 11 Bankruptcy is Cited

The following is an excerpt from the Wall Street Journal: Through data collected from 1984 to 2013, New York University Professor Edward Altman found two factors are most indicative of a debtor filing again: its profitability upon its first emergence … Continue reading

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Professor Ed Altman’s Z-Score is Featured

The following is an excerpt from USA Today: Does it seem you’re the last to know when a company is in serious financial trouble and end up holding the worthless stock? There’s an early warning system all investors need to … Continue reading

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Professor Ed Altman’s Research on Bond Defaults is Cited

The following is an excerpt from Forbes. If Energy Future Holdings files for bankruptcy, a buying opportunity may arise in the iShares iBoxx High Yield Corporate Bond ETF (HYG). This would be strictly a short-term trade, appropriate only for aggressive … Continue reading

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Ed Altman’s Bankruptcy Research is Highlighted

The following is an excerpt from Chicago Tribune:  (Reuters) – Global Aviation Holdings Inc may not be a household name, but it should be familiar to bankruptcy lawyers. On Tuesday, the charter air transport firm filed what is likely a … Continue reading

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Prof. Ed Altman on Failure Prediction Models

The following is an excerpt from a Treasury and Risk article entitled, “Know Thy Banking Partners.” Edward Altman, a finance professor at New York University’s Stern School of Business who devised a formula, the Z-score, for predicting corporate defaults, cautioned … Continue reading

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Prof. Ed Altman on Corporate Debt: WSJ “Debt Makes a Comeback”

NYU Stern Professor and inventor of the Z-Score tool Ed Altman was quoted in the Wall Street Journal this week regarding the health of corporations. The following is an excerpt from the WSJ article “Financial Crisis Anniversary: For Corporations and … Continue reading

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Ed Altman to Launch New ETF for Distressed Debt

NYU Stern Professor Ed Altman’s latest project was highlighted in the Wall Street Journal. Altman, inventor of the Z-score model and Z-score+ app, is set to release a new exchange-traded fund (ETF) called “Market Vectors-Altman Default & Distressed Bond ETF.” … Continue reading

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Breaking the bank-sovereign nexus

The following Op-ed was written by Viral Acharya on livemint.com, “Breaking the bank-sovereign nexus: The ownership structure of India’s debt seems problematic from the view of financial and economic stability” The unique feature of the global financial crisis that began … Continue reading

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No More Lifelines for Struggling Companies?

Declining bankruptcies and Chapter 11 cases might sound like a good thing, but after taking a closer look, NYU Stern Professor Ed Altman notes otherwise. Altman was quoted in Bloomberg News, stating that salvaging questionable companies can lead to fragile … Continue reading

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Ed Altman on Companies that May Face Bankruptcy in 2013

At the 12th annual Corporate & Sovereign Credit Market Outlook luncheon, NYU Stern Professor Ed Altman offered his predictions as to the types of companies that will likely face bankruptcy in 2013. Altman, quoted in Reuters, notes that mid-market defense … Continue reading

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