When Jim La Fleur took the helm at GTI, it was a company hovering on the edge of bankruptcy. By using the Altman Bankruptcy Predictor Model in an active way to set strategy, La Fleur was able to return the company to a sound balance sheet. This is a case report of a marriage of an academically...

The number of business failures in this country is growing at an alarming rate. While many experts have looked at the specific reasons why particular companies fail, few have examined the general trends and macroeconomic conditions that affect business failures. The author has, and has come to...

Can the Manville Corporation and International Harvester stave off bankruptcy? Both have low Z‐scores in the bankruptcy predictor model, demonstrating danger for Manville, and little chance of survival in its present form for Harvester unless it receives government assistance.