Bankruptcies on record pace

Utah bankruptcy filings are steadily climbing as the nation's recession continues to take a toll on the financial well-being of more and more people. The U.S. Bankruptcy Court for Utah reported nearly 1,000 more filings in the first quarter of 2010 than the first three months of last year. If the rate continues, the number of bankruptcies filed in Utah will be back to record levels last seen in 2005. That was the year Congress revamped the nation's bankruptcy code, making it more difficult for consumers to file for protection or walk away from their debts. The Salt Lake Tribune