Local bankruptcy filings have increased nearly 23 percent for the first five months of the year, according to the Journal Record newspaper.
The newspaper compared the Western District of Oklahoma filings from January through May of 2007 to those similar months in 2008. In those months in 2007, 1,844 consumers and businesses filed for federal protection. In 2008, that number had risen to 2,258.
Filings in the court's Northern District in Tulsa were up more than 22 percent in the first four months of the year and 13.5 percent in the Eastern District in Muskogee.
Attorneys interviewed by the newspaper said the increase seems to be coming on the business side. Many of the filings are from real estate investors and people in industries dependent on fuel.
When the economy softens or prices spike upward, it doesn't take much to go from paying the bills to paying some of the bills.
Opinion
Bankruptcy filings up
- Opinion
-
-
Another Library Vote? Good grief!
Editor, The Transcript A new library on the west side? With hardly any books? With a dumb name above the entry as shown in your rendering? Infoplace? The library bureaucracy must think Norman voters just fell off the turnip truck....
-
Show them some love
Oklahoma joins bus drivers and riders throughout the nation in the “Love the Bus” campaign to raise awareness and appreciation for the thousands of school bus drivers and aides who safely transport children to and from school each day....
-
Eliminating state taxes places burden on poor
Editor, The Transcript: Your editorial on Feb. 8th that expressed your pleasure that the bill by Jim Wilson that would have removed the sales tax exemptions from newspapers was killed in committee was disconcerting. I can agree that the ...
-
Not time to experiment with state taxes
Editor, The Transcript Governor Fallin proposed more cuts to the state income tax in her State of the State speech Feb. 6. This comes on the heels of a House Tax Reform Task Force that also proposed phasing out the state income tax over a ...
-
Cuts in mental health short-sighted at best
When state budgets tightened up three legislative sessions ago, mental health and substance abuse treatment appropriations amounted to low-hanging fruit. It was easy for lawmakers to reduce treatment for mental health consumers and ...
-
Local investment is better for Norman
Editor, The Transcript Americans from all walks of life and political ideologies are asserting their voice to tell Wall Street “Enough is enough!” Occupy Norman members spoke at the Dec. 13 Norman City Council meeting, urging the city to ...
-
Decline in unions harmful to economy
Editor, The Transcript Remember sometimes you get what your ask for? Let’s see, what could that be? I know, destroy those evil unions which are compromised of the middle class....
-
Tobacco ban comes as shock
Gov. Mary Fallin’s State of the State contained few surprises. The tobacco ban, however, came as a total shock to many legislators and state agency heads. “It was a surprise,” the governor told state press association members this week at ...
-
‘Flavor of the month’
State Republicans have invited all of the GOP presidential candidates to Oklahoma. Former candidate Herman Cain came to Oklahoma City in early December, just days after he suspended his campaign. Rick Santorum brought his charged-up ...
-
Gov. Fallin says tax cuts bring national attention
Rating agencies are often courted by state, county and local officials seeking better ratings and thus lower interest costs on long-term debt financed through bonds. Oklahoma’s governor and other officials called on various agencies this ...
- More Opinion Headlines
-
Another Library Vote? Good grief!
