The Polsinelli|TrBk Distress Indices
Chapter 11 Filings Increase Rapidly in the Second Quarter of 2023, The Healthcare Index reaches its highest point ever.

Bankruptcy filings in the United States increased significantly in the second quarter of 2023.
The Polsinelli|TrBK Healthcare Research Index increased to its highest level ever in the second quarter of 2023 to 588.33 points, an increase of 375 points in the past year. The Polsinelli|TrBK Chapter 11 Research Index increased nearly 30 points in the second quarter compared to the prior year. The Polsinelli|TrBK Real Estate Distress Research Index increased over six points in a year. All the Indices have shown accelerating growth over the past year.
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 2nd Quarter 2023 Report on July 25, 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 second quarter of 2023 is shown below.