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The number of bankruptcy cases filed in Hawaii fell 26 percent in November, the eighth consecutive monthly decline.
There were 242 filings in November compared with 327 cases the same month a year ago, according to data published by U.S. Bankruptcy Court. The number of new filings has declined on a year-over-year basis in every month this year except March, when filings rose by a statistically insignificant 0.3 percent.
Through the first 11 months of the year bankruptcy filings in Hawaii totaled 3,115, down 14.6 percent from the same period a year ago.
On Oahu, where the bulk of the filings are made, the number of cases fell to 138, a 28.3 percent decline from November 2010. Hawaii island’s 55 filings represented a 31.4 percent drop from a year earlier. There were 55 cases filed on Maui, down 12.7 percent from a year earlier. Filings on Kauai fell by 57.6 percent from 33 cases in November 2010 to 14 cases last month.
