F. Other Indicators
2nd Quarter 2020 Report
The total number of bankruptcy filings in Hawaii declined 1.9 percent or by 8 cases for the first quarter of 2020, from the same quarter of 2019. In 2019, total filings increased 11.4 percent or 175 cases from the previous year.
The number of Chapter 7 filings, the largest category, declined 2.7 percent or 8 cases in the first quarter of 2020. Chapter 7 filings are intended to liquidate assets and discharge debt. In 2019, Chapter 7 filings were up 12.7 percent or 131 cases from the previous year.
Chapter 11 filings declined from 3 to 1 case in the first quarter of 2020 compared with the first quarter of 2019. In 2019, Chapter 11 filings
increased to 13 cases from 4 cases in the previous year. Chapter 11 filings involve the structuring of repayment plans for companies.
Chapter 13 filings increased 0.8 percent or 1 case in the first quarter of 2020, from the same quarter of 2019. In 2019, Chapter 13 filings increased 6.9 percent or 34 cases 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