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October 10, 2007

Utah Bankruptcies Climb 23 Percent

Filed under: Filing Statistics — admin @ 5:08 pm

Utah consumer bankruptcies for the first nine months of the year increased 23 percent over last year, the Salt Lake Tribune reported yesterday. Although the 23 percent gain is significant - especially during a time when Utah ’s economy is said to be booming - it is far from a nine-month record, which was set 10 years ago when 30 percent more Utahns than in the previous year sought relief from their creditors. Chapter 13 filings saw the largest increase; 42 percent of the 4,633 petitions filed through Sept. 30 sought chapter 13 relief compared to 38 percent a year ago.

 See Also:  Bankruptcy Las Vegas

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