The number of Utahns who filed for bankruptcy fell 13 percent during the first half of 2012.
U.S. Bankruptcy Court for Utah Clerk David Sime said the court received 8,647 bankruptcy petitions during the first six months of the year, down from the 9,927 filings submitted during the first half of 2011.
The drop in filings puts the state on course for the first significant annual decline in Utahns declaring themselves insolvent since 2005, the year Congress passed bankruptcy-reform legislation that brought a sharp decline in filings nationwide the next year.
Since then, however, the number of U.S. bankruptcies have risen, approaching pre-2005 levels. Salt Lake Tribune
