3rd Quarter 2022 Chapter 11, Healthcare and Real Estate Distress Indices

In the third quarter of 2022, overall Chapter 11 distress increased modestly from the prior quarter but remained well below both year-ago and historical benchmark levels. Real estate distress held steady quarter-over-quarter and continued to track significantly below long-term norms. Health care services distress declined for a second consecutive quarter but remained elevated relative to historical benchmarks, even as the share of health care filings continued to decrease.