Lanigan & Lanigan, P.L.
831 W. Morse Blvd., Winter Park, Florida 32789
407-740-7379
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Bankruptcy
Orlando and Central Florida bankrupcty lawyers Roddy Lanigan and Eric Lanigan ensure all individuals adhere to the truth on their bankruptcy paperwork. There are many rules that effect Florida property exemption laws and the Lanigans will ensure that clients receive protection from asset liquidation where appropriate. Every person who files bankruptcy walks in worrying that they will have to give up all they own, their vehicles, heirlooms, collectibles, investments and that simply isn’t the case. States offer this protection for citizens which is why legislation requires all applicants to be a resident of any state before benefiting from its exemption laws. Anyone who attempts to move across state lines before the process will not receive that state’s exemption status. Payment is Due Before Your Case Begins Lanigan and Lanigan clients must understand that in order to begin the bankruptcy process, payment for the bankruptcy, and all its fees have to be paid to complete the bankruptcy process. Prepayment is required for bankruptcy. An attorney cannot pay for any client case, nor may a client “owe” an attorney money in the midst of a bankruptcy case. Bankruptcy is a federal court procedure that requires lawyers to proceed with a court case on your behalf that cannot stop in the middle of the process. Financial problems may make this challenging however There is a lot of information required by the courts in order to proceed with the petition such as present income, expenditures over the last two years, property bought and sold, assets that will be claimed by the applicant after the petition is filed and any property that may have been given as...
Bankruptcy
Business bankruptcy, Chapter 11 bankruptcy, may not be your first choice, but it is an option. Business owners facing heavy debt in Florida and the nation’s financial crisis often find bankruptcy is a good option. A plan can be implemented to save the company, help the owner get out of debt, satisfy debtors, and provide consumers with ongoing service. Bankruptcy lawyers Eric Lanigan and Roddy Lanigan have showed clients that Chapter 7 bankruptcy or Chapter 11 bankruptcy can be a win-win solution for some small businesses. Many times businesses turn first to professional credit counseling service to provide financial plans to meet debtor needs. But consulting with the Lanigans will allow owners to benefit from the experience of attorneys with 35 years of business litigation experience. Small businesses comprise about 22 million of the companies in America and account for close to two-thirds of the employees hired in the country. There are approximately 40,000 bankruptcies that occur each year making it apparent that there should be workable alternatives to this tragic occurrence. Eric and Roddy Lanigan can help a struggling business owner by explaining bankruptcy options for businesses and help devise a plan that is workable within the available financial means that his or her business has. The Lanigans work with business owners to help decide what to do with high debt. Before a bankruptcy is considered business finances are reviewed and the options discussed. Sometimes, the Lanigans are able to negotiate debt for as little as a few cents on the dollar. Even though lenders may not receive the full debt owed them, they are satisfied with what...
Bankruptcy
People who file Chapter 7 bankruptcy or Chapter 13 bankruptcy should consult an attorney with questions about inheritance assets after bankruptcy. Consult with Lanigan and Lanigan, P.L., to be advised of the laws that will affect how inheritance assets of money or real property will be handled after bankruptcy. It will not be a happy experience. The irony is that if the inheritance had been awarded prior to making the decision to file, the debtor may have had sufficient assets to cover outstanding debts. Nevertheless, it’s a case of too little, too late and now the courts have the last word. Debtors Prohibited From Concealing Assets When a cash-strapped consumer comes into large sums of money, it can be a cause to celebrate or be depressed. Federal inheritance tax laws prohibit debtors from concealing assets, including monies or property legally and rightfully willed to them. Bankruptcy is a legal means of providing consumer debt protection for individuals seeking relief from overwhelming financial woes. Without proper monetary management and sound financial planning, anyone is subject to become bankrupt. Unless an individual has a contingency fund, an unexpected illness, chronic unemployment, or credit card abuse can all push a consumer over the edge and into bankruptcy. U.S. Bankruptcy law does not strip an indebted individual of all assets, but there are some concessions that have to be made to satisfy creditors. The law allows debtors to retain Social Security payments, VA benefits, unemployment compensation and certain property deemed exempt by the court. However, when it comes to an inheritance after bankruptcy or other windfall gain, the courts will exercise the right...
Bankruptcy
Credit repair after filing bankruptcy is not as difficult as it may sound and it is good to know you can learn how to repair credit after bankruptcy. Before you file bankruptcy you will have to go through credit counseling. You’ll learn basic information and learn of resources to help begin building credit after your bankruptcy is finalized. Winter Park bankruptcy and foreclosure attorneys Eric Lanigan and Roddy Lanigan will explain how to rebuild credit with some basic credit repair overview information and direct clients to a range of credit building resources. Credit Repair After Bankruptcy The best way to repair credit is by obtaining a free annual copy of financial history from all three major credit bureaus. A dispute letter or form can be used to dispute any items that are wrong. The bureaus have 30 days to answer any disputes. Sometimes a negative item can be completely removed from the report. Other times the account in question may be answered as legitimate and will remain. Bankruptcy mortgage lenders generally ask that their potential customers take at least six months to work on repairing financial history before applying for a home mortgage. This should give ample time to dispute all of the questionable items and hear back from the bureaus. A consumer can add a statement to their financial history on any items that are not handled satisfactorily. Some of the things that can affect one’s score include: Too many inquiries for new credit Past due accounts being listed twice Too many high interest credit cards that are maxed out Too many late payments on existing accounts Steps...
Bankruptcy
An experienced Orlando bankruptcy attorney can help you navigate through many tough bankruptcy decisions that must be made before filing bankruptcy. When an individual needs a bankruptcy lawyer there are legal options to keep in mind that will help decide if this option is the right one at this time. Bankruptcy is complex and sometimes people don’t understand the ramifications of filing for bankruptcy protection and which of the laws would be most appropriate for the situation. Both individuals and companies can file for debt protection, but laws have changed in 2005 that affect who can file, how frequently and what can prevent a person from filing bankruptcy. Central Florida bankruptcy attorneys Roddy Lanigan and Eric Lanigan will tell you that no one’s situation is hopeless. When debt is overwhelming, there are multiple remedies. Set up a consultation in their Winter Park, Florida, office and ask the right questions. People get into debt for various reasons, and most people do not intend to run up their bills to the point that they can’t manage them. Individuals find themselves in the position of working hard to pay off these bills, but get further and further behind. The reasons for the debts are usually due to unexpected medical expenses, the loss of a job, a divorce, or personal tragedy. The two most common remedies for an individual bankruptcy are Chapter 7 and Chapter 13 bankruptcies. Chapter 7 requires a means test, which means that the applicant must qualify by having an income that is either lower or equal to the median income in his state. Bankruptcy firms are specialists in looking...
Bankruptcy
When filing bankruptcy costs vary but you get what you pay for. The attorneys fees and costs for Chapter 7 bankruptcy, Chapter 11 bankruptcy and Chapter 13 bankruptcy can vary as much as each individual case. Winter Park bankruptcy attorneys Eric Lanigan and Roddy Lanigan have set fees with incremental costs spelled out completely in the contracts. For example, if an asset requires additional review due to your leaving information out or not reporting the information honestly, an attorney may charge you additionally. The question to ask first is whether you should hire the best bankruptcy attorney for your case or whether you should worry about the cost. If you go into bankruptcy with a complex case but the idea that you will only hire the cheapest attorney, you’ll have mixed results. The priority should be hire an experienced, qualified bankruptcy attorney and be willing to pay for the quality. You get what you pay for. The cost of filing for consumer or commercial debt protection is not cheap; and anyone who has ever been involved in legal proceedings knows that lawyers bill hourly. Clients pay for knowledge, experience and the ability to finely craft a persuasive argument and build a case in favor of the debtor. Without adequate legal counsel, harassing debt-collection tactics would continue; wage garnishments and repossessions would persist; and interest rates, late fees, and penalties would continue to mount. Debtors depend on sound, competent legal expertise to get relief from the overwhelming pressures of personal and business indebtedness. The bankruptcy lawyer price is just another bullet debtors must bite in order to eventually secure debt...
