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Record Bankruptcies Predicted in Next Year as Unemployment Soars

Bankruptcies related to Covid-19 shutdowns will set records in the next 12 months, according to Edward Altman, the professor emeritus at New York University’s Stern School of Business who developed a widely used method called the Z-score for predicting business failures. “Whether it’s corporate bankruptcies or personal, this is unprecedented,” Altman said in an interview….