F. Other Indicators

3rd Quarter 2019 Report

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The total number of bankruptcy filings in Hawaii increased 3.6 percent or by 15 cases for the second quarter of 2019, from the same quarter of 2018. In the first half of 2019, total filings increased 11.0 percent or 84 cases from the same period of the previous year.

The number of Chapter 7 filings, the largest category, increased 3.3 percent or 9 cases in the second quarter of 2019. Chapter 7 filings are intended to liquidate assets and discharge debt. In the first half of 2019, Chapter 7 filings were up 13.2 percent or 67 cases from the same period of the previous year.

Chapter 11 filings remained the same at 1 case in the second quarter of 2019 compared with the second quarter of 2018. In the first half of 2019, Chapter 11 filings increased to 4 cases from 2 cases in the same period of the previous year. Chapter 11 filings involve the structuring of repayment plans for companies.

Chapter 13 filings increased 4.1 percent or 6 cases in the second quarter of 2019, from the same quarter of 2018. In the first half of 2019, Chapter 13 filings increased 5.8 percent or 15 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