Bankruptcies Down in Utah

Bankruptcies Down in Utah

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SALT LAKE CITY (AP) -- Fewer people in Utah are filing for bankruptcy.

Filings were down 6 percent last year -- the first time in nearly a decade the state saw a significant decline.

The bankruptcy court clerk said yesterday that 20-thousand-600 petitions were filed, which is almost 13-hundred less than in 2003.

The last big decline previously was in 1994, when bankruptcies dropped 4-point-2 percent.

Utah's decline follows a national trend, as consumers nationwide take advantage of lower interest rates to carve away at their mortgage and personal debt payments.

(Copyright 2005 by The Associated Press. All Rights Reserved.)

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