A wave of increasing bankruptcy rates has swept across the nation, causing economic, political, and social hardships. Utah has emerged in recent years as the number one state in terms of the number of bankruptcies compared to the number of households. Why would Utah fare worse in this national trend than other states, and how is this possible in a state that prides itself on responsible social behavior and self-reliance? What is unique about Utah’s economy, culture, demographics, or legal climate that would put Utah atop this national trend?
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