City Averaging 100 New Bankruptcy Cases a Week

By Driskill, Matt | THE JOURNAL RECORD, April 27, 1985 | Go to article overview

City Averaging 100 New Bankruptcy Cases a Week


Driskill, Matt, THE JOURNAL RECORD


The U.S. Bankruptcy Court for the Western District of Oklahoma is keeping a steady eye on the number of bankruptcies filed this year. The clerk's office reports 1,450 new cases have been filed since the beginning of 1985. The record for the court was 3,866 filed in 1984.

The clerk's office has been averaging 100 new cases a week for the past month. Most of those are Chapter 7 bankruptcy petitions which involve the liquidation of a debtor's assets to satisfy creditor's claims. . .

- Mark E. Pruitt has joined the law firm of Kornfield, Franklin and Phillips. Pruitt will practice in the litigation department of the firm specializing in creditor litigation and oil and gas litigation.

Before joining the firm, Pruitt was with John E. Patterson Jr. acting as outside counsel for various businesses. . .

- Two attorneys from the firm of Crowe & Dunlevy will speak Friday at the "Let's Be Legal: Oklahoma's New Liquor Laws" seminar sponsored by the Oklahoma City University School of Law.

Dr. Kent Meyers and Barbara Snow Gilbert will open the day-long seminar at 8 a.m., and also will conduct a two-hour discussion on "A Review of Constitutional Amendment Provisions Including Requirements for Calling County Elections. . ."

- The Oklahoma City Legal Secretaries Association will have their monthly membership meeting Monday at Dodson's Cafeteria. The guest speaker will be J. Christopher Sturm, whose topic will be worker's compensation. . .

- Oklahoma's new liquor laws will be discussed in seminars May 8 in Oklahoma City and May 15 in Tulsa.

Sponsored by the University of Oklahoma's Continuing Legal Education program and the Oklahoma Bar Association, the seminar is designed for attorneys, owners of restaurants and clubs and law enforcement officials.

Tuition is $85 per person. The meeting in Oklahoma City will be at the Park Suite Hotel. Seminar speakers include Ron Willis, director of the Oklahoma Alcoholic Beverage Control Board, Howard Evans, director of alcohol, tobacco and special taxes for the Oklahoma Tax Commission and Lynn Barnett from the Attorney General's office.

For more information, contact the CLE office at the University of Oklahoma College of Law. . .

- The Oklahoma Department of Securities announced recently a restraining order had been placed against Paladin Well Service and Drilling Inc., Mica Exploration Inc., Thomas Wayne Nugent, Thomas Chris Nugent, Al Kobbeman, Robert Schutte, David Shanahan, and Roger Magerus, which prohibits them from engaging in actions in violation of the Oklahoma Securities Act.

The department alleges the defendants of defrauding investors in a scheme involving the sale of oil and gas leases. According to the department, the Nugents would sell oil and gas leases and then abandon their offices in various cities around the state.

The department also alleges the Nugents are currently involved in a scheme to promote music concerts in the Tulsa area. . .

- A quick reference book encompassing the growing case law that has developed under Articles 3 and 4 of the Uniform Commercial Code has been published by the University of Oklahoma Press.

"The Law of Modern Payment System and Notes," by Fred H. Miller and Alvin C. Harrell, integrates the statute, official comments to it and significant cases into a research tool for practicing attorneys, students and businessmen.

Both authors are professors of law. Miller teaches at the University of Oklahoma College of Law and Harrell at Oklahoma City University School of Law. . .

- James E. Seasholtz, a first-year law student at the Oklahoma City University School of Law is one of the recipients of an Oklahoma Bar Foundation scholarship. …

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