Rise in Utah bankruptcies outpaces U.S. gain

Bankruptcies soared 27 percent in Utah the first nine months of the year, outpacing the U.S. gain in a sign that thousands of families continue in their struggle to throw off the devastating effects of the recession. So far this year, 13,603 Utahns and dozens of the state’s businesses have declared themselves insolvent in a bid to gain relief from what for many was overwhelming debt and too little income. Salt Lake Tribune