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Hawaii News

Hawaii bankruptcies keep sinking despite fear of possible recession

  • CINDY ELLEN RUSSELL / CRUSSELL@STARADVERTISER.COM
                                ”<strong>The banks and credit card companies routinely scare folks away from filing. And why shouldn’t they? It is in their best interests to keep the debt alive and to keep accruing that sweet interest.”</strong>
                                <strong>Ed Magauran</strong>
                                <em>Bankruptcy attorney</em>

    CINDY ELLEN RUSSELL / CRUSSELL@STARADVERTISER.COM

    The banks and credit card companies routinely scare folks away from filing. And why shouldn’t they? It is in their best interests to keep the debt alive and to keep accruing that sweet interest.”

    Ed Magauran

    Bankruptcy attorney

Hawaii bankruptcies continue to defy the odds and keep dropping even though most economists predict that the country is headed toward a recession early next year. Read more

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