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Exploring the underlying causes of corporate bankruptcies in the U.S.

By Rob Schmitz
Published December 13, 2025 at 6:43 AM CST

Corporate bankruptcies in the U.S. are on pace to reach a 15-year high this year. NPR's Rob Schmitz explores the underlying causes of this trend with Edward Altman, a professor at New York University who specializes in corporate bankruptcies.

Copyright 2025 NPR
Rob Schmitz
Rob Schmitz is NPR's international correspondent based in Berlin, where he covers the human stories of a vast region reckoning with its past while it tries to guide the world toward a brighter future. From his base in the heart of Europe, Schmitz has covered Germany's levelheaded management of the COVID-19 pandemic, the rise of right-wing nationalist politics in Poland and creeping Chinese government influence inside the Czech Republic.
See stories by Rob Schmitz