2/3/2007Oklahoma: Speed Trap Town Goes Bankrupt
Without speeding ticket revenue, a former speed trap town is forced to declare bankruptcy.
The town of Moffett, Oklahoma announced on Wendnesday that it had filed for Chapter 9 protection in the U.S. Bankruptcy Court for the Eastern District of Oklahoma. The move comes just two months after the state attorney general and Department of Public Safety declared the town of 178 an illegal speed trap, stripping its authority to issue speeding tickets.
Without the steady stream of citation revenue generated from motorists passing through on U.S. Highway 64, the town is unable to manage the $200,000 in debts incurred by the former mayor. Moffett will likely be forced to unincorporate as a consequence of its financial difficulties.