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	<title>Strategy @ Risk &#187; Insolvency</title>
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		<title>The Risk of Bankruptcy</title>
		<link>http://www.strategy-at-risk.com/2009/03/16/the-risk-of-bankruptcy/</link>
		<comments>http://www.strategy-at-risk.com/2009/03/16/the-risk-of-bankruptcy/#comments</comments>
		<pubDate>Mon, 16 Mar 2009 10:32:47 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet simulation]]></category>
		<category><![CDATA[P&L simulation]]></category>
		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Probability of insolvency]]></category>

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		<description><![CDATA[There are several models in use for predicting bankruptcy and we have in our balance simulation model implemented two;  Altman’s Z-score model and the risk index Z developed by Hannan and Hanweck.]]></description>
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