OCR Text |
Show ; One out of 1 00 Utah : homes go for broke ; WASHINGTON At least one of every 100 Utah households ; filed for bankruptcy last year, ac-', ac-', cording to the American Bankrupt-; Bankrupt-; cy Institute. Utah had over 7,894 total i bankruptcy filings last year 895 fil- ; ings for business and 6,999 for non- 1 business. Utah is one of 12 states ' with bankruptcy filing of one per- i cent or higher. Along with Nevada, the state's number of Chapter 11 business filings are the highest among all the states. The institute said the high percentage of bankruptcy filings is common nationwide and is overburdening over-burdening the bankruptcy system. It is asking Congress to form a commission com-mission to study methods of improving im-proving the system. |