Isle bankruptcies mark 2 years of monthly declines with 25% drop

By Alan Yonan Jr.

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

~~<p>The downward trend in Hawaii bankruptcy filings entered its second year in February, helped by an improving economy and declining credit card debt.</p>
<p>There were 168 bankruptcy cases filed last month, 25 percent fewer than the 224 cases filed in February 2012, according to a report from the U.S. Bankruptcy Court, District of Hawaii. It was the 24th consecutive month that bankruptcy cases have fallen on a year-over-year basis. Bankruptcy filings peaked at an average 330 a month in 2010 in the midst of the economic downturn.</p>
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The downward trend in Hawaii bankruptcy filings entered its second year in February, helped by an improving economy and declining credit card debt.

There were 168 bankruptcy cases filed last month, 25 percent fewer than the 224 cases filed in February 2012, according to a report from the U.S. Bankruptcy Court, District of Hawaii. It was the 24th consecutive month that bankruptcy cases have fallen on a year-over-year basis. Bankruptcy filings peaked at an average 330 a month in 2010 in the midst of the economic downturn. Login for more...