Utah Bankruptcy Stories

Posted by on Apr 16, 2010 in Blog | 0 comments

Deseret News April 16, 2010 — SALT LAKE CITY

Talk of economic recovery hasn’t slowed bankruptcy filings in Utah, which could be on pace to equal records set before laws were changed to make filing more difficult.

In March, 1,824 bankruptcy cases were filed in Utah. That’s a 31 percent increase over the March 2009 filings and a significant jump from the 1,192 cases filed in February and 1,036 in January of this year.

“We saw pretty dramatic increases last year and still pretty large increases this year. If we stay on target — and there’s nothing in the tea leaves I’ve been reading that says we’re going to see a dramatic decrease in case filings — it’s going to be in the range it was before they changed the law,” said David Sime, clerk of the U.S. Bankruptcy Court in Utah.

“I think it will exceed those levels. The same thing is happening around the country.”

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