Hawaii bankruptcies up 33 percent in January over January 2009

HONOLULU (AP) - Federal figures show there were 276 bankruptcy filings in Hawaii in January.

That was a 33 percent increase over January 2009, when bankruptcy filings in the state surged 82.5 percent.

According to the Office of the U.S. Trustee for U.S. Bankruptcy Court, only one island business filed for Chapter 11 reorganization last month. ERT Sales of Hawaii does business as Price Busters, The Seasonal Store and Let's Party Hawaii.

Last month's 33 percent rise in bankruptcies was the second-lowest increase since May 2008.

Honolulu bankruptcy attorney Blake Goodman says the 3,101 bankruptcy cases filed in Hawaii last year was on par with the 3,102 filed in 2004, "a relatively prosperous time" in the islands.

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