POSTED: 9:42 a.m. HST, Apr 2, 2013
The number of Hawaii residents and businesses filing for bankruptcy fell in March for the 25th consecutive month, according to data released by U.S. Bankruptcy Court.
The 200 cases filed in March represented a 25 percent decrease from the 267 cases filed the same month a year earlier, the court reported. Bankruptcy filings have been trending lower since peaking at an average 330 a month in 2010 in the midst of an economic downturn.
Bankruptcies fell in all counties. In Honolulu County the number of cases fell to 121 in March, a 26 percent drop from 127 the same month last year. In Hawaii County filings fell 38 percent to 28 cases and in Maui County they fell 8 percent to 45 cases. Filings fell 33 percent in Kauai County, to eight cases.