F. Other Indicators

3rd Quarter 2021 Report

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The total number of bankruptcy filings in Hawaii declined 9.4 percent or by 36 cases for the second quarter of 2021, from the same quarter of 2020. In the first half of 2021, total filings declined 14.4 percent or 114 cases from the same period of the previous year.

The number of Chapter 7 filings, the largest category, decreased 16.1 percent or 48 cases in the second quarter of 2021. Chapter 7 filings are intended to liquidate assets and discharge debt. In the first half of 2021, Chapter 7 filings decreased 14.7 percent or 86 cases from the same period of the previous year.

Chapter 11 filings decreased from 4 to 0 case in the second quarter of 2021 compared with the second quarter of 2020. In the first half of 2021, Chapter 11 filings increased to 8 cases from 5 cases in the same period of the previous year. Chapter 11 filings involve the structuring of repayment plans for companies.

Chapter 13 filings increased 20.5 percent or 16 cases in the second quarter of 2021, from the same quarter of 2020. In the first half of 2021, Chapter 13 filings declined 15.1 percent or 30 cases from the same period of 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

Bankruptcies