Like many things in the economy, bankruptcy filings seem to be stabilizing.
Chapter 11 and real estate bankruptcy filings remained steady in the first quarter of 2021, according to the newest Polsinelli-TrBK Distress Indices Report. In Q1, filings only dropped by five points. Polsinelli says that is a side effect of the many federal aid and nationwide orders regarding rent freezes/forgiveness, eviction moratoriums and landlord/tenant relations. Since 2010, The Polsinelli-TrBK Distress Indices have tracked the increase or decrease in all Chapter 11 filings with more than $1 million in assets.
While overall real estate filings went down, there are still issues in the healthcare sector. The number of filings in the sector were low in Q1, but it is still dealing with high filings in past quarters.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
