Utah bankruptcy filings declining

Friday , August 10, 2012 - 5:56 AM

Contributed

SALT LAKE CITY— Fewer Utah residents have filed for bankruptcy so far this year compared to 2011.

The Salt Lake Tribune reportsthat the number of filings for the first six months of 2012 has dropped from 9,927 to 8,647. That’s a decrease of 13 percent.

The figures mean this could be the first significant decline in filings since 2005. But Utah’s numbers are still high. The state has the fourth highest rate per capita in the U.S. with 6.12 filings for every 1,000 residents.

The number of filings has dropped 14 percent nationwide so far this year.

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