Wednesday , 8 May 2024
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New Report Questions Effectiveness of 2005 Bankruptcy Reform

According to a paper recently completed by the Federal Reserve Bank of New York, millions of Americans who would have filed for bankruptcy protection prior to the 2005 bankruptcy reform law have not done so because of the additional requirements and costs associated with the financial move. The paper, written by Donald P. Morgan, was titled "Is the 2005 Bankruptcy Reform Working?" and was released on June 4, 2012. If you are facing financial difficulties and considering filing bankruptcy in Oklahoma, contact our experienced bankruptcy attorneys at Oklahoma Legal Center today. Our law firm is located in Oklahoma City, and our bankruptcy lawyers have years of experience helping Oklahomans relieve their overwhelming debt via bankruptcy.



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New Research Links Difficulties in Childhood to Crimes Committed as a Teen

Recent findings in neuroscience have showed how a difficult childhood could adversely affect brain development, and may even increase a person’s risk of committing crimes as a teen. New studies have explored how the brain’s development is affected by positive or negative experiences during childhood, indicating that a difficult or traumatic childhood could alter how the brain develops and may ...

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Distracted Teen Drivers at Increased Risk of Involvement in Oklahoma Car Accidents

Driving with younger passengers can be a serious risk for teen drivers in Oklahoma. According to a study recently issued by the AAA Foundation, the risk of car accident fatalities for teen drivers rises exponentially with every passenger younger than 21, and quadruples with three or more passengers in the vehicle. This significant risk is compounded by teen drivers’ inexperience ...

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CDC Report Shows Helmet Laws Reduce Motorcycle Accident Deaths

According to a new federal report, states that require motorcycle riders to wear helmets have fewer motorcycle accident deaths and also help reduce the overall healthcare cost in the United States by $3 billion. The U.S. Centers for Disease Control and Prevention (CDC) issued the report last week, indicating that states where motorcycle riders are not required to wear helmets ...

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Top Ten Bankruptcy Myths Debunked by an Oklahoma Bankruptcy Attorney

Filing for bankruptcy in Oklahoma is a big decision, and it's important that you know everything you can about the process beforehand. This includes learning which Oklahoma bankruptcy rumors you've heard are true and which are just hearsay. The following is a list of the top ten bankruptcy myths out there and an explanation by an Oklahoma bankruptcy lawyer. If you are considering filing for bankruptcy in Oklahoma, contact our experienced bankruptcy attorneys at Oklahoma Legal Center to discuss your legal options.



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Oklahoma Introduces New Distinction in First Degree Murder Law

A criminal law has been introduced in the Oklahoma State Senate, which would expand the current definition of first degree murder in the state. Senate Bill 1066 is geared towards providing express statutory consequences for the serious problem Oklahoma is facing regarding drug manufacturing and distribution. While first-degree murder may seem like a simple concept, the laws governing the distinction ...

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Hire an Attorney to Negotiate Your OK Car Accident Insurance Settlement

One of the biggest mistakes victims of car accidents in Oklahoma make is trying to negotiate an insurance settlement on their own. Insurance claims adjusters in Oklahoma and across the United States are trained to take advantage of the vulnerability of car accident victims, offering the lowest possible amount for personal injury claims. In fact, adjusters typically have a car ...

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Rate of College Graduates Filing for Bankruptcy on the Rise

According to a recent study, the rate of college graduates filing for bankruptcy in the United States has increased a whopping 20% over the past five years. The study, conducted by the Institute for Financial Literacy, indicates that the percentage of debtors with a bachelor's degree increased from 11.2% in 2006 to 13.6% in 2010. During that same period, the percentage of debtors with a high school diploma, or who did not finish college, declined. If you are considering filing for bankruptcy in Oklahoma, your first course of action should be to contact an experienced Oklahoma bankruptcy attorney. Our bankruptcy lawyers at Oklahoma Legal Center have years of experiencing helping debtors in Oklahoma decide which course of action is best for their financial situation.



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