Polsinelli announced the release of the Polsinelli I TrBk Distress Indices for the Second Quarter of 2015. The indices, unique in the industry and proprietary to Polsinelli, are published on a quarterly basis in conjunction with bankruptcy information provider TrollerBK.com. The Distress Indices are currently available here
The Polsinelli I TrBk Distress Indices are research indices that use Chapter 11 bankruptcy filing data as a proxy for measuring financial distress in the overall U.S. economy, the real estate sector, and the healthcare services sector. The indices are likely to be contrarian indicators of economic performance, so that a high index value reflects increasing financial distress in the economy. The indices track the increase or decrease in comparative Chapter 11 filings for prior quarters and years, based on a rolling four-quarter average.
The Chapter 11 Distress Research Index was 38.07 for the second quarter of 2015. This represents a decline of more than 60% in the index from the start of the index measurement period in the fourth quarter of 2010. However, the index dropped by more than 4 points versus the last period, when the index had shown a slight increase for the first time in several measurement periods. Compared to the same period one year ago, the index has dropped by more than 25%.
The Real Estate Distress Research Index was 25.07 for the second quarter of 2015. This represents a decline of almost two points from the first quarter index, and a decline of almost 75% since the fourth quarter of 2010. Compared to the same period one year ago, the index has dropped by just over 42%.
The Healthcare Services Distress Research Index was 113.33 for the second quarter of 2015. This represents an increase of approximately 1.5 points since the first quarter of 2015. Since the benchmark period of the fourth quarter of 2010, the index is up by more than 13%. Compared to the same period one year ago, the index has decreased by just over 9%.