There was a startling increase of over 40% in the number of bankruptcy filings in Hawaii during January 2019. According to U.S. Bankruptcy Court records this increase marks the highest level of bankruptcy filings in the state in seven years. This increase marks a sudden end to the state’s seven year decrease in filings.
Bankruptcy Filings Breakdown
There was a significant increase in filings on all three of the Hawaiian Islands. On the island of Oahu filings jumped from 81 to 107. Filings on the Big Island were 16, which is a pretty big jump from the five filed last year. And, on Kauai there were 11 filings this year, but only three last year.
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