Bankruptcies drop 25% to extend downward slide

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Feb 02, 2013

~~<p>The number of Hawaii residents and businesses filing for bankruptcy fell in January for the 23rd consecutive month amid improving economic conditions and declining credit card debt.</p>
<p>The 159 cases filed in January represented a 25 percent decrease from the 212 cases filed the same month a year earlier, according to data released Friday by U.S. Bankruptcy Court. Bankruptcy filings have been on a downward trend since peaking in 2010 with an average of 330 cases a month.</p>
~~

The number of Hawaii residents and businesses filing for bankruptcy fell in January for the 23rd consecutive month amid improving economic conditions and declining credit card debt.

The 159 cases filed in January represented a 25 percent decrease from the 212 cases filed the same month a year earlier, according to data released Friday by U.S. Bankruptcy Court. Bankruptcy filings have been on a downward trend since peaking in 2010 with an average of 330 cases a month. Login for more...