- Associated Press - Saturday, January 3, 2015

HONOLULU (AP) - Bankruptcy filings in Hawaii have fallen to their lowest level since before the recession.

The Honolulu Star-Advertiser reports (https://bit.ly/1HrhFFz ) the state’s recovery is spreading to all areas of the economy.

The improvement is fueled by low interest rates, a six-year low in state unemployment, a strong construction outlook and record home prices on Oahu. It’s also the third straight year of record visitor arrivals, and the stock market has reached all-time highs.

The U.S. Bankruptcy Court, District of Hawaii says filings statewide are falling for the fourth straight year and are ending 2014 with 1,702 cases.

Honolulu bankruptcy attorney Ed Magauran says the economy is getting better for a lot of folks.


Information from: Honolulu Star-Advertiser, https://www.staradvertiser.com



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