Edward I. Altman[1][2][3] (born June 5, 1941) is a Professor of Finance, Emeritus, at New York University's Stern School of Business.
Professor Altman is a leading academic on the High-Yield and Distressed Debt markets and is the pioneer in the building of models for credit risk management and bankruptcy prediction.
Altman's models have been used by banking institutions throughout the world in order to quantify the probability of default of their lending portfolios.
[5] In the 1990s Altman and his PhD student Professor Edith Hotchkiss coined the term Chapter 22, which refers to companies which file for bankruptcy more than once.
He is the brother of Stuart Altman, a noted health care economist, and Ellen Altman-Stein an MBA in Special Education.