For the first quarter of 2021, the indices all declined slightly (click here for the press release).
For the first quarter of 2021, the Polsinelli|TrBK Distress Indices all declined slightly though two indices remain above the levels from the end of the first quarter last year. As compared with the prior quarter, the Chapter 11 Distress Index decreased over three points, the Real Estate Distress Index decreased nearly five points, and the Health Care Services Distress Index decreased 20 points. 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 1st Quarter 2021 Report on May 1, 2021. The indices use filtered Chapter 11 filings as a proxy for distress in the overall U.S. economy and certain sub-sectors. The summary of the data for the first quarter of 2021 is below.