Lanigan & Lanigan, P.L.
831 W. Morse Blvd., Winter Park, Florida 32789
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407-740-7379
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Housing Up, Jobs, Economy Flat

Bankruptcy

homes cost more than people in an unstable economy want to spend. Will that mean that the demand for rentals will increase or that people will no longer upgrade properties and instead stay in smaller homes? Prices remain high in cities with high employment rates including San Francisco

Is It Bad to File Bankruptcy?

Bankruptcy

One thing that many people fear about filing bankruptcy is that everyone around them will find out and judge them. And there is no social stigma because no one knows you filed bankruptcy unless you tell them or by some random chance they read it in the newspaper or have to run a credit check on you. It’s probably something that people can find out, but they would have to really look hard for.

Find the Best Orlando Chapter 11 Bankruptcy Attorney

Bankruptcy

Best Orlando Chapter 11 Bankruptcy Attorney If you want to find the best Orlando Chapter 11 Bankruptcy Attorney you’ll have to meet with several to determine their ability, skill and experience. Find out what they would do in your financial situation before you randomly pick someone online, price shop and go with the closest or cheapest attorney. If you’re considering filing Chapter 11, you’re a high wealth individual or a business owner or both and you’ll want an attorney familiar with the economics of a business and its financial reorganization. Chapter 11 is a big decision and you’ll have to feel comfortable with who you choose to represent you and confident that he or she handles Chapter 11 bankruptcy regularly and successfully for a range of clients. Experience is imperative if you want the Chapter 11 bankruptcy to go smoothly. Whether you live in Orlando, Celebration, College Park, Windemere, Lake Mary, Maitland, or Winter Park, you may find a more competent attorney who happens to be located in another city. Local convenience should not be the top criteria. Bankruptcy is held in federal court and may be handled by any licensed Florida bankruptcy attorney in the state. However, if you’re looking for the best bankruptcy attorney you’ll need to research and choose carefully. If you search Central Florida you’ll find many Chapter 11 bankruptcy attorneys and will need to interview your top choices to find out which attorney fits your case. You need to work with the bankruptcy attorney who answers your questions, provides direction and options that you feel will work best for you and your financial situation. If you’re looking for the least expensive attorney...

Can You File Chapter 7 Bankruptcy?

Bankruptcy

Attorney Roddy Lanigan of Lanigan and Lanigan attorneys in Winter Park Florida talks about filing Chapter 7 bankruptcy. Watch the video called “Can You File Chapter 7 Bankruptcy” on our YouTube channel. Can File for Chapter 7 Bankruptcy? People often ask what is a Chapter 7 bankruptcy? A Chapter 7 Bankruptcy is a certain kind of bankruptcy generally used by consumers to discharge all of their debts. Do You Qualify for Chapter 7 Bankruptcy? Generally speaking qualification for a Chapter 7 bankruptcy depends on your income and the size of your family. Generally speaking all debts are dischargeable in a Chapter 7 bankruptcy. However there are a few particular areas that the courts say you cannot discharge the debt. That would be areas like student loans, taxes, child support, any judgments you may have against you where you were guilty for fraudulent conduct. However even in those instances based on your particular circumstances you may be able to discharge those debts. So it’s always good to get a consultation and apply your specific problem with the law to determine whether you can discharge those types of debts. File in 90 to 120 Days Generally speaking a bankruptcy should take no longer than 90 to 120 days. From the point you file, you’ll have a creditors meeting. Thirty days after and generally speaking it takes about 60 days after the creditor’s meeting to get your discharge. Once you get your discharge you’re no longer obligated on any of the debts discharged. A creditor’s meeting is a simple procedure whereby the debtor, yourself, would meet with the bankruptcy trustee to answer questions he may have...

December 2014 Florida Bankruptcy Rates

Bankruptcy

December 2014 Florida Bankruptcy Rates December 2014 Florida bankruptcy rates increased 6% over November 2014, and were down 10% from December 2013 according to the American Bankruptcy Institute. The total number of Florida Chapter 7 cases was 43,000 and the total number of Chapter 13 cases is 22,751. The total number of Florida bankruptcies is 66,431. Florida’s rank based on greatest per capita filings is No. 12. What Debts Can Be Discharged in Bankruptcy? There are many debts that cannot be discharged in bankruptcy including: Federal student loans Fraudulent debt from embezzlement Internal Revenue Service Child Support Alimony Some Property Settlements Income Tax Liabilities Department of Revenue sales tax liability Approved Florida Bankruptcy Counseling Before you file bankruptcy you have to complete pre- and post-bankruptcy counseling approved by the United States Trustee’s Office. Bankruptcy is filed in one of three Florida district courts: The Middle District in Tampa, Jacksonville, Orlando, Fort Meyers, Jacksonville The Southern District in Fort Lauderdale, West Palm Beach, Miami. The Northern District in Tallahassee and Pensacola No matter where you file you have to complete counseling to learn about spending, saving, debt and credit. You’ll provide your list of debts, you’ll provide your list of bills, your income and monthly spending. The entire exercise is meant to teach those who file bankruptcy about spending habits, debt and credit. No one knows how to recover from bankruptcy without guidance which is why the counseling is provided. There are many methods for recovering financially from bankruptcy. Don’t Feel Guilty About Filing Bankruptcy One primary step is to overcome the shame that you feel over what many describe as a personal...

Lanigans Take on Florida Bankruptcy: Final in Series

Bankruptcy

The History of Florida Law Firm Lanigan and Lanigan Winter Park Florida attorney Eric Lanigan shares the final part of the Lanigan and Lanigan law firm story. The firm was practicing business and civil law, real estate litigation, securities fraud and investment losses when the firm decided to take on Florida bankruptcy. Then, Florida’s economy changed and bankruptcy and foreclosure began to increase and become key practice areas for Eric Lanigan. Housing market problems began with adjustable rate mortgages–ARMs–interest rates that made monthly mortgages became unaffordable to homeowners. Mortgage workouts, also known as mortgage refinances, were offered to homeowners who wanted to hold onto their properties by refinancing and having some of the debt negotiated down. Mortgage workouts could sometimes be done as an alternative to having to file bankruptcy or defend a foreclosure. Roddy Lanigan Joins Eric Lanigan in Law Firm in 2007 Eric Lanigan’s son, Roddy Lanigan passed the Florida Bar in 2007 and became a partner with Eric in Lanigan and Lanigan. The real estate market in Florida had begun a downturn that by 2008 was effecting families, individuals and businesses. There was a gradual increase in bankruptcies filed through the Lanigan and Lanigan law firm. Originally, there were several bankruptcies per month, then several bankruptcies per week, then many bankruptcies came through the door. By 2008 the number of bankruptcies really exploded and the law firm by 2010 had begun to to focus on bankruptcy, foreclosure and mortgage workouts. Bankruptcy, Foreclosure and Mortgage Workouts That was the predominant area of my practice until that whole bankruptcy thing really exploded in 2007, 2008 and that has, I...