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Isle bankruptcy filings up


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POSTED: Saturday, October 31, 2009

Hawaii bankruptcy filings rose 37.6 percent in October from the year-ago month, but the number of cases declined slightly from September, according to preliminary data yesterday from U.S. Bankruptcy Court.

The 271 filings this month—which could increase if any are filed electronically today—were 12 fewer than September but up from 197 in October 2008.

Chapter 7 liquidation filings jumped 34 percent to 217 from 162, while Chapter 13 filings, which allow individuals with regular sources of income to set up plans to pay creditors over time, rose 60.6 percent to 53 from 33.

There was one Chapter 11 filing, which is for business reorganizations, compared with two a year ago.

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Statewide filings through the past 12 months:

                                                                                                                                                                                                                                                                                                                                                                               
October 2009271
September 2009283
August 2009258
July 2009270
June 2009271
May 2009250
April 2009251
March 2009270
February 2009226
January 2009208
December 2008223
November 2008215
October 2008197

Source: Office of the U.S. Trustee