The number of bankruptcy filings in the state of Utah have dropped by nearly 11 percent.
According to the officials in the U.S. Bankruptcy court, the court has received a total of 4,149 filings this year so far. This number is lower than the same time period for this year which was at 4,639.
Officials have stated that they are down as of the beginning of the year, but it is unknown how the rest of the year will turn out. The American Bankruptcy Institute stated that the rest of the U.S. has also seen a decrease and it is currently down 12 percent in the first quarter.
If you or a loved one has been considering filing for bankruptcy, you need representation on your side that may be able to help you through this process step by step. Contact the Cedar Rapids bankruptcy lawyers of Hong Law, PLC, by calling 319-632-1400 today.
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