There is no built in way to acheive this. However, a warning is printed in the log file when such a clash occurs. This is sensible behaviour as such problems can occur in a number of different situations, and you are best placed to judge what changes should be made. One possibility in your situation would be to manually add a \vspace
between the offending paragraphs to provide enough space. However there is a subtlety in that you need to add some printing command in a paragraph of its own before the new paragraph; in this case \
(backslash space) will do. Here is a working example:
\documentclass{article}
\usepackage{floatflt,graphicx}
\begin{document}
\begin{floatingfigure}[l]{5cm}
\fbox{
\centering
\includegraphics[width=4cm]{example-image-a}
}
\end{floatingfigure}
Some text.
\vspace{3.5cm}
\
\begin{floatingfigure}[l]{5cm}
\fbox{
\centering
\includegraphics[width=4cm]{example-image-b}
}
\end{floatingfigure}
Some text.
\end{document}

I started by turning your code in to a minimal working example (MWE), by adding the floatflt
(the newest replacement for floatfig
) and graphicx
packages, changing the figures to the example images included in the standrd distributions and making their widths smaller than the space you have requested for them so that they do not spill over. Now doing just that will produce no output, because there is no text outside the floating figures. Indeed the floatingfigure
environment should only contain the figure and perhaps with a \caption
; the paragraph text should be outside the environment. So the following minimal document displays your problem:
\documentclass{article}
\usepackage{floatflt,graphicx}
\usepackage{lipsum}
\begin{document}
\begin{floatingfigure}[l]{5cm}
\fbox{
\centering
\includegraphics[width=4cm]{example-image-a}
}
\end{floatingfigure}
Some text
\begin{floatingfigure}[l]{5cm}
\fbox{
\centering
\includegraphics[width=4cm]{example-image-b}
}
\end{floatingfigure}
Some text
\end{document}

and its log file contains
Package floatflt Warning: Floating figures 1 and 2 colliding.
Generally the floatflt
package is not happy if consecutive paragraphs contain floats. There are comments on this in the package's documentation.
\vspace
between the offending paragraphs to provide enough space. – Andrew Swann Aug 23 '12 at 8:31