October 22, 2016 | 82° | Check Traffic

Top News

Hawaii bankruptcies fell in February for 8th straight month


The number of Hawaii residents and businesses filing for bankruptcy fell in February for the eighth consecutive month, according to a report issued Monday by the U.S. Bankruptcy Court.

The 149 cases filed in February was 11 percent fewer than the 168 cases filed the same month a year earlier. Bankruptcy filings have been on a downward trend since early 2011, tracking improvements in Hawaii’s job market and the broader economy. Bankruptcies had peaked in mid-2010 as the local economy struggled to recover from the 2008-2009 recession.

Bankruptcies fell in all counties except Maui County, where they rose to 28 in February from 27 the same month a year earlier. In Hono–lulu County bankruptcy filings fell to 92 in February from 106 a year earlier. Filings dropped to 22 cases from 27 in Hawaii County and to seven cases from eight in Kauai County.

No comments
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.