The Polsinelli|TrBk Distress Indices

In the latest Polsinelli-TrBK Distress Indices Report:

• The Chapter 11 Distress Research Index was 80.93 for the third quarter of 2025. The Chapter 11 Index has increased over 7 points since the last quarter. Compared with the same period one year ago, the Index has decreased over 14 points and compared with the benchmark period of the fourth quarter of 2010, it is down over 19 points.
• The Real Estate Distress Research Index was 48.35 for the third quarter of 2025. The Real Estate Index has stayed approximately the same since the last quarter. Compared with the same period one year ago, the Index has decreased over 7 points. 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 1,208.33 for the third quarter of 2025. The Health Care Index increased over 711 points since the last quarter. Compared with the same period one year ago, the Index has decreased 48 points and compared with the benchmark period of the fourth quarter of 2010, it is up over 1,108 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 ercentage of health care filings has decreased from 17.51% to 7.61%.

Polsinelli|TrBK Distress Indices released the 2nd Quarter 2025 Report on November 10, 2025. The indices use filtered Chapter 11 filings as a proxy for distress in the overall U.S. economy and certain sub-sectors.