Hawaii bankruptcy cases plunge again despite COVID-19

Nearly a year ago, with COVID-19 cases surging nationwide, Honolulu bankruptcy attorney Greg Dunn forewarned that Hawaii should brace itself for “the mother of all recessions.”

This week Dunn said he’s going to get out of the prediction business.

Statewide bankruptcies in February fell below 100 for the second month in a row and plunged 32.4% from the same time a year ago, according to new data released by the U.S. Bankruptcy Court, District of Hawaii. There were only 92 cases last month, compared with 136 in February 2020. In January there were just 91 filings. The last time bankruptcy cases dropped below 100 prior to this year was in 2017 when there were three months when filings were in the 90s.

https://www.staradvertiser.com/2021/03/08/hawaii-news/hawaii-bankruptcy-cases-plunge-again-despite-covid-19/