POSTED: 11:48 a.m. HST, Jun 4, 2012
LAST UPDATED: 2:39 p.m. HST, Jun 4, 2012
Bankruptcy filings in Hawaii fell in May for the 15th consecutive month, according to data released by the U.S. Bankruptcy Court.
The 219 cases filed in May was down 34.4 percent from the 334 cases filed the same month a year earlier, the court reported. Bankruptcy filings have been trending lower since averaging 330 a month during the recent peak in 2010.
Bankruptcy filings averaged 235 a month during for the first five months of the year, down from an average of 277 a month in 2011.
Bankruptcies fell in all counties. In Honolulu County the number of cases fell to 135 in May, a 32.5 percent drop from 200 the same month last year.
Filings fell to 41 in Maui County, a 45.3 percent decline from 75 filings in May 2011. In Hawaii County filings fell 26.2 percent to 31 cases and in Kauai County they fell 29.4 percent to 12 cases.