POSTED: 11:12 a.m. HST, Mar 1, 2011
LAST UPDATED: 12:05 p.m. HST, Mar 1, 2011
Monthly bankruptcy filings in Hawaii dipped 1 percent last month, versus February 2010.
Bankruptcy liquidation filings under Chapter 7 decreased to 230 from 239, a nearly 4 percent decrease, while filings under Chapter 13, or wage-earner bankruptcy laws, rose to 58 from 51 a year ago, for an increase of 13.7 percent.
Chapter 13 filings allow debtors with regular sources of income to establish plans to pay off creditors over time.
U.S. Bankruptcy Court records for the District of Hawaii also show no new Chapter 11 business reorganization cases filed in February, where one case was filed in February of 2010.