According to a report released by the U.S. Bankruptcy Court, the total number of bankruptcy cases in Hawaii were just 159 for the month of January 2013. This represented the 23rd consecutive month of lower numbers filed in bankruptcy court. Honolulu County had a total of 100 filed in January, a 28 percent from the same month a year prior. Hawaii County (Big Island of Hawaii) had 16 cases, a decrease of 33.3 percent from January 2012. Maui County had 30 cases, a decrease of 18.9 percent. Kauai County was the only county to experience an increase from a year prior of 13 cases up from 12 cases.
In related news, there has also been a decrease in the amount of credit card debt that Hawaii residents carry. According to Credit Karma, Hawaii residents carried an average of $6,620 in credit card debt in December 2012, which was a 12 percent decrease from the same month a year prior. Credit Karma also noted that Hawaii had the highest average credit score at 668.
Source: Honolulu Star Advertiser, 2-2-2013, 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
