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NEW YORK, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Polsinelli today released the Polsinelli-TrBk Distress Indices for the second quarter of 2018, which slowed slowing distress in the U.S. economy. For the first time in three quarters, the Polsinelli-TrBK Distress Indices has recorded signs of slowing distress across all three indexes measured.
Specifically, the report – which is based on Chapter 11 bankruptcy filings with more than $1 million in assets – shows that economic distress in the broader U.S. economy remains relatively low, while the Health Care index has exceeded the benchmark of the fourth quarter of 2010 by more than 100 percent the past five quarters.
“What is significant this quarter is that the distress indices show that economic distress has slowed in all three areas we track,” said Jeremy Johnson, a bankruptcy and restructuring attorney at Polsinelli and one of the authors of the report. “Although the number of health care filings decreased on a rolling four-quarter basis, the index is up 122 percent compared with one year ago and is 240 percent above the benchmark period in 2010.”
The Polsinelli-TrBk Distress Indices are the backbone of a quarterly research report series that uses Chapter 11 filing data as a proxy for measuring financial distress in the overall U.S. economy, and breakdowns of distress specifically in the real estate and the health care services sectors.
The rise and fall of economic distress has various factors. For instance, in health care, tort liability and reimbursement issues continue to drive health care providers into bankruptcy to seek alternatives, Johnson says. The new distress relief for the health care industry shows that this trend may begin to change in the next few quarters.
The Polsinelli-TrBK Distress Indices track the increase or decrease in all Chapter 11 filings with more than $1 million in assets since the fourth quarter of 2010. Unlike the public markets, the Polsinelli-TrBK Distress Indices include both public and private companies, creating a broader economic view and one that may show developing trends on Main Street before they appear on Wall Street.
To access the full report, included graphs and all past analysis, visit https://www.distressindex.com.
Polsinelli is an Am Law 100 firm with more than 825 attorneys in 21 cities coast to coast. Ranked #24 for Client Service Excellenceand #10 for best client relationshipsamong 650 U.S. law firms, Polsinelli is also named among the top 30 best-known firms in the nationfor the second consecutive year. The firm’s attorneys provide value through practical legal counsel infused with business insight, and focus on health care, financial services, real estate, intellectual property, midmarket corporate, labor and employment, and business litigation. www.polsinelli.com.
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