According to data provided by the U.S. Bankruptcy Court, the number of filings in July 2012 by 26 percent as compared to the same month a year prior. A total of 199 cases were filed last month, as compared to 268 cases in July 2011. This represented the 17 consecutive month of decreases from its peak in 2010. It should be noted, however, that prior to the recession, the average number of filings were 117 cases per month, as compared to the 223 cases filed per month so far this year.
Honolulu County saw a 24 percent decrease to 127 cases filed in July. Maui County saw a 28 percent decrease to 33 filings. Hawaii County (Big Island of Hawaii) had an 11 percent decrease to 31 filings. Kauai Count had a 58 percent decrease with 8 filings.
Source: Honolulu Star Advertiser, 8-2-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
