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i originally applied to a few schools back in february, however, decided not to attend after realizing i was not financially ready. I will be re-taking the LSAT this October and plan on re-applying to school then. Question is, do I need to get new LOR and write a new personal statement for the schools I already applied too?

My LOR's were from an old professor of mine (i am a year out of school) and my current boss (who is very busy and it took a long time to get the first LOR). Should I bother for new ones?

I did not use new LORs, but I did write a different PS just in case. I wanted to show some good changes had occurred. However, you definitely should apply earlier than Feb. That in itself will represent a positive change.