According to the U.S. Bankruptcy Court, the number of bankruptcies filed in August 2013 decreased by 19 percent as compared to the same month a year prior. The report stated that there were just 168 bankruptcies filed in August, a decrease from 208 filed in August 2012. Oahu had a total of 111 filings, Maui County had 33, Hawaii (Big Island) County had 14 cases, and Kauai County had 10 cases. Experts note that the decline in the number of bankruptcy cases is a direct result on the improving job market and the reduction of consumer debt loads.
Source: Honolulu Star Advertiser, 9-4-2013, 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
