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Bankruptcy Lanigan & Lanigan, P.L.
831 W. Morse Blvd., Winter Park, Florida 32789

407-740-7379

E-Mail Eric A. Lanigan HereE-Mail Roddy B. Lanigan Here
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10 Questions: Is Chapter 7 Bankruptcy For You?

Winter Park bankruptcy attorneys Eric Lanigan and Roddy Lanigan have 10 questions to help you decide if you should file a Chapter 7 bankruptcy:
  • No. 1: Are you unable to pay bills because your home is under water? 
  • No. 2: Are you paying bills on time but know you will not be able to continue paying on time because you’re losing your income? 
  • No. 3: Will you ever be able to get out from under debt in your lifetime on your home, credit card bills and other unsecured personal debt?
  • No. 4: Are you paying a monthly mortgage on an upside down property that will never regain its original value and have a second and a third mortgage on the property as well?
  • No. 5: Have you had debt from uncontrollable situations occur including medical bills from emergencies or life-saving procedures?
  • No. 6: Have you been divorced and been struggling to pay credit card, unsecured loan and other debt?
  • No. 7: Do you have debt that you incurred from selling a home that had a deficiency after a short sale?
  • No. 8: Is your home close to having a foreclosure suit filed against you?
  • No. 9: Are you considering letting your home go because you aren’t able to pay the mortgage on it?
  • No. 10: Are you paying your bills and not saving a penny for your and your family’s future?

In bankruptcy these days, the debt many people have originally is rarely the result of failing to handle credit reponsibilities. Usually the Lanigans see people in debt circumstances completely beyond a family or individual’s control.

A Chapter 7 is also known as a liquidation bankruptcy. A Chapter 13 bankruptcy is a reorganization of your debt that includes elimination of some debt and a repaying of the remaining debt–including home, car and other debt you want to hold ont0–over a three to five year period. 

If you feel that there are debts that you can repay if given a chance to catch up, combine and reduce amounts so that the debt is not so overwhelming, then a Chapter 13 bankruptcy may be right for you.

No matter what the situation, feel comfortable knowing that there are thousands of people filing bankruptcy every day.

The Lanigans have seen people in all walks of life who have lost their jobs, had homes lose value, gone through divorce, had serious medical bills all of which cause financial hardship.

When you call for a meeting you’ll be working with a father and son firm that will listen to what you’d like to do. Find out your ideal outcome and then help you with making the decision on whether or not to file bankruptcy.

When you come in, don’t bring paperwork, the Lanigans will have forms for you to complete. You’ll learn more about the differences in Chapter 7 and Chapter 14 bankruptcy and can ask about costs to file.

Bankruptcy attorneys Eric Lanigan and Roddy Lanigan will help you decide if this legal action is for you. Chapter 7 bankruptcy, Chapter 11 bankruptcy, Chapter 13 bankruptcy may be your way out of debt and the beginning of a fresh start.  Consult with experienced bankruptcy attorneys Lanigan and Lanigan to get the answers you need.

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