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The Honolulu Advertiser
Updated at 8:27 p.m., Monday, December 15, 2008

Hawaii bankruptcies rising, but still low nationally

Advertiser Staff

Bankruptcy filings in Hawai'i have been increasing faster than filings nationally, but the state remains one of the lowest in terms of per-capita bankruptcies.

Information from the Administrative Office of the U.S. Courts shows there were 1.41 filings per 1,000 residents in Hawai'i, or second lowest in the nation, during the first nine months of 2008. Only Alaska's 1.24 was lower.

Hawai'i's bankruptcy filings have been increasing this year as the economy slows and unemployment and tighter credit take their toll on homeowners. Through the first nine months there were 1,442 bankruptcies filed in the state.

That amounted to a 41 percent increase from a year earlier.

Nationally, bankruptcy filings were up 35 percent through the end of September.