2nd Quarter 2023 Chapter 11, Healthcare and Real Estate Distress Indices
In the second quarter of 2023, overall Chapter 11 distress rose sharply on both a quarterly and year-over-year basis, though it remained below historical benchmark levels. Real estate distress increased meaningfully from the prior quarter and year earlier but continued to track well below long-term norms. Health care services distress surged dramatically, reaching its highest level since tracking began, accompanied by a significant increase in the share of health care filings.
