The Polsinelli|TrBk Distress Indices

In the latest Polsinelli-TrBK Distress Indices Report:

• The Chapter 11 Distress Research Index was 73.71 for the second quarter of 2025. The Chapter 11 Index has decreased over 8 points since the last quarter. Compared with the same period one year ago, the Index has decreased over 18 points and compared with the benchmark period of the fourth quarter of 2010, it is down over 26 points.
• The Real Estate Distress Research Index was 48.63 for the second quarter of 2025. The Real Estate Index has decreased over 3 points since the last quarter. Compared with the same period one year ago, the Index has decreased over 5 points and compared with the benchmark period of the fourth quarter of 2010, it is down over 51 points.
• The Health Care Services Distress Research Index was 496.67 for the second quarter of 2025. The Health Care Index decreased 775 points since the last quarter. Compared with the same period one year ago, the Index has increased over 745 points and compared with the benchmark period of the fourth quarter of 2010, it is up over 396 points.
• On a trailing four-quarter average, the percentage of real estate filings among all index Chapter 11 filings increased from 12.74% to 13.18% this quarter. The percentage of health care filings has decreased from 17.51% to 7.61%.

Polsinelli|TrBK Distress Indices released the 2nd Quarter 2025 Report on August 12, 2025. The indices use filtered Chapter 11 filings as a proxy for distress in the overall U.S. economy and certain sub-sectors.