Utah Courts Burdened by Payday Loan Companies
Utah Bankruptcy Law can help Utah Courts burdened by payday loan companies. A Utah bankruptcy attorney can evaluate whether filing a Chapter 7 or Chapter 13 bankruptcy makes sense for the consumer being sued by payday loan companies.
Utah payday loan collections account for 37 percent of cases in the justice courts in Utah, according to the Coalition of Religious Communities. In Provo, almost 80 percent of cases are from payday loan collection efforts. The justice court has around 300 new payday loan cases each daily, with only 10 debtors typically showing up at the court. These aggressive payday loan collection efforts often result in Utah Chapter 7 and Chapter 13 bankruptcy filings. According to a KSL article, Hilton anticipates using the report for the next Utah legislative session.