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The Honolulu Advertiser
Posted on: Monday, June 1, 2009

Hawaii bankruptcies jump by 62 percent


Advertiser Staff

Hawaiçi bankruptcies continued to surge in May, with filings increasing by 62 percent compared to a year earlier.

The U.S. Bankruptcy Court in Honolulu accepted 250 filings last month, only one less than April’s total and the third-highest level since a change in bankruptcy law in October 2005.
The increase also was about 100 more than April 2008, when 154 petitions were submitted to the local court.