These companies are featured on a list of 20 corporations with marketing capitalization of $1 billion or more that have the highest probability of declaring bankruptcy in the next year, says a release by Audit Integrity.

“Evidence shows that bankruptcy filings tend to lag after an economic downturn so it’s extremely important that investors and those concerned with the risks around corporate failure mitigate their exposure to companies likely to collapse,” said Jack Zwingli, CEO of Audit Integrity. “Market volatility and sudden downturns such as we have been experiencing must be factored into bankruptcy risk.”

Which companies are at risk? Audit Integrity says:

• Advanced Micro Devices, Inc.
• Amkor Technology, Inc.
• AMR Corporation
• Apartment Investment and Management Co.
• CBS Corporation
• Continental Airlines, Inc.
• Federal-Mogul Corporation
• Hertz Global Holdings, Inc.
• Interpublic Group of Companies, Inc.
• Las Vegas Sands Corp.
• Liberty Media Corporation (Capital)
• Macy’s, Inc.
• Mylan Inc.
• Oshkosh Corporation
• Redwood Trust, Inc.
• Rite Aid Corporation
• Sirius XM Radio Inc.
• Sprint Nextel Corporation
• Textron Inc.
• The Goodyear Tire & Rubber Company

To see which companies were the worst off on this list, experts from the BusinessInsider took Audit Integrity’s list and removed any company with a market cap under $3 billion.

They then ranked the remaining names by a simple measure of the market’s perceived bankruptcy risk – Market Cap (MC) divided by Enterprise Value (EV).

“The less MC vs. EV, the less residual shareholders’ value (above what debt holders can claim) the market is pricing-in for the company. Thus a lower MC/EV means the market thinks the company is more likely to go bankrupt.”

Hertz topped the list.