The Polsinelli|TrBk Distress Indices

Chapter 11 Filings Increase Rapidly in the Third Quarter of 2023; The Healthcare Index reaches its highest point ever.

Polsinelli|TrBK Indices

Bankruptcy filings in the United States increased significantly in the third quarter of 2023.

The Polsinelli|TrBK Healthcare Research Index increased to its highest level ever in the third quarter of 2023 to 650 points, an increase of more than 463 points in the past year. The Polsinelli|TrBK Chapter 11 Research Index increased nearly 24 points in the second quarter compared to the prior year. The Polsinelli|TrBK Real Estate Distress Research Index increased over eleven points in a year. All the Indices have shown significant growth over the past two quarters.

The indices are contrarian indicators of economic performance, so that a low index value is likely to occur in a strong economy, and a higher index value is likely to occur when financial distress is escalating.

Polsinelli|TrBK Distress Indices released the 3rd Quarter 2023 Report on October 13, 2023. The indices use filtered Chapter 11 filings as a proxy for distress in the overall U.S. economy and certain sub-sectors. A summary of the data for the third quarter of 2023 is shown below.