Utah bankruptcy filings rose 58% in January

Published: Thursday, Feb. 15 2007 12:08 a.m. MST

Utah bankruptcies in January climbed to 368 filings, up 58 percent from 233 filings in January 2006, according to the U.S. Bankruptcy Court for the District of Utah.

The uptick in filings comes nearly 15 months after new bankruptcy legislation was enacted that frightened away consumers.

The American Bankruptcy Institute predicts that consumer bankruptcy filings will increase by at least 20 percent on a national basis in 2007.

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