F. Other Indicators

4th Quarter 2018 Report

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The total number of bankruptcy filings in Hawaii increased 3.4 percent or by 13 cases for the third quarter of 2018, from the same quarter of 2017. In the first three quarters of 2018, total filings increased 10.8 percent or 113 cases from the same period of the previous year.

The number of Chapter 7 filings, the largest category, increased 8.4 percent or 21 cases in the third quarter of 2018. Chapter 7 filings are intended to liquidate assets and discharge debt. In the first three quarters of 2018, Chapter 7 filings were up 9.6 percent or 68 cases from the same period of the previous year.

Chapter 11 filings decreased from 3 cases in the third quarter of 2017 to zero case in the third quarter of 2018. In the first three quarters of 2018, Chapter 11 filings decreased to 2 cases from 7 cases in the same period of the previous year. Chapter 11 filings involve the structuring of repayment plans for companies.

Chapter 13 filings decreased 3.2 percent or 4 cases in the third quarter of 2018, from the same quarter of 2017. In the first three quarters of 2018, Chapter 13 filings increased 15.9 percent or 52 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