F. Other Indicators

3rd Quarter 2017 Report

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The total number of bankruptcy filings in Hawaii decreased 8.1 percent or by 29 cases for the second quarter of 2017, from the same quarter of 2016.  In the first half of 2017, total filings decreased 5.5 percent or 39 cases from the same period of the previous year.

The number of Chapter 7 filings, the largest category, decreased 11.7 percent or 30 cases in the second quarter of 2017.  Chapter 7 filings are intended to liquidate assets and discharge debt.  In the first half of 2017, Chapter 7 filings were down 5.7 percent or 28 cases from the same period of the previous year.

Chapter 11 filings decreased from 4 cases in the second quarter of 2016 to 3 case in the second quarter of 2017.  In the first half of 2017, Chapter
11 filings decreased to 6 cases from 10 cases in the same period of the previous year.  Chapter 11 filings involve the structuring of repayment plans for companies.

Chapter 13 filings increased 2.1 percent or 2 cases in the second quarter of 2017, from the same quarter of 2016.  In the first half of 2017, Chapter 13 filings decreased 2.9 percent or 6 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