Utah bankruptcy filings down 77% from April 2005

Published: Friday, May 12 2006 12:00 a.m. MDT

The number of bankruptcy filings in Utah in April fell to 470, down 77 percent from 2,062 during the same month in 2005, according to the U.S. Bankruptcy Court for the District of Utah.

Bankruptcy filings spiked last year as people rushed to beat sweeping new reforms that went into effect in October.

Filings in Utah from January 1 through April 30 decreased by 79 percent compared with the same four-month period a year ago.

In 2005, the Beehive State ranked No. 3 among all 50 states and the District of Columbia with one bankruptcy filing per 39.5 households, according to the American Bankruptcy Institute.

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