F. Other Indicators
1st Quarter 2019 Report
The total number of bankruptcy filings in Hawaii increased 7.5 percent or by 26 cases for the fourth quarter of 2018, from the same quarter of 2017. In 2018, total filings increased 10.0 percent or 139 cases from the previous year.
The number of Chapter 7 filings, the largest category, increased 11.0 percent or 25 cases in the fourth quarter of 2018. Chapter 7 filings are intended to liquidate assets and discharge debt. In 2018, Chapter 7 filings were up 9.9 percent or 93 cases from the previous year.
Chapter 11 filings decreased from 6 cases in the fourth quarter of 2017 to 2 cases in the fourth quarter of 2018. In 2018, Chapter 11 filings decreased to 4 cases from 13 cases in the same period of the previous year. Chapter 11 filings involve the structuring of repayment plans for companies.
Chapter 13 filings increased 4.5 percent or 5 cases in the fourth quarter of 2018, from the same quarter of 2017. In 2018, Chapter 13 filings increased 13.0 percent or 57 cases from the previous year. Chapter 13 bankruptcy allows debtors to work out repayment arrangements with creditors.
For quarterly bankruptcy statistics, see: http://www.uscourts.gov/statistics-reports/caseload-statistics-data-tables
For District of Hawaii monthly statistics, see: www.hib.uscourts.gov/stats/index_stats.html