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Gary Schafkopf
About | Practice Areas
Schafkopf Law LLC
11 Bala Ave Bala Cynwyd, PA 19004» view map
Bankruptcy & Debt
We Are Here To Help You

Gary Schafkopf is a practicing lawyer in the states of Pennsylvania and New Jersey who focuses on cases in Bankruptcy & Debt, Employment, and Real Estate.

800-970-4781
1. Gary Schafkopf Bala Cynwyd, PA
  Attorney at Law- PA, 1999
  Schafkopf Law LLC
2. AboutSchafkopf Law LLC
  We Are Here To Help You
3. Practice AreasExpertise
  Bankruptcy & Debt
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John Michael Breslin

General Practice

FREE CONSULTATION

CONTACT

973-983-7020

3 Main St, Newton, NJ 07860

M. Richard Valenti

Corporate, Business Organization, Banking & Finance, Collection

Status: In Good Standing

CONTACT

One Main Street, Newton, NJ 07860

James M. Cerra

Farms, Alimony & Spousal Support, Adoption, Collection

Status: In Good Standing

CONTACT

One Main Street, Newton, NJ 07860

Corinne Gurski

Collection, Construction, Environmental Law, Mental Health

Status: In Good Standing

CONTACT

127 Main Street, Chatham, NJ 07928

Charles Brand

Tax, Estate, Collection, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Newton, NJ 07860

Linda Mainenti-Walsh

Family Law, Child Custody, Adoption, Collection

Status: In Good Standing

CONTACT

165 East Main Street, Denville, NJ 07834

Gary A. Blaustein

Child Support, Adoption, Corporate, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

347 Main St, Bedminster, NJ 07921

Victor Spinelli

Foreclosure, Wills & Probate, Business, Collection

Status: In Good Standing

CONTACT

7 Century Drive, Parsippany, NJ 07054

Tana Bucca

Construction, Wills & Probate, Business, Collection

Status: In Good Standing

CONTACT

67 East Park Place, Morristown, NJ 07960

Lee Scott Befeler

Arbitration, Bad Faith Insurance, Corporate, Collection

Status: In Good Standing Licensed: 37 Years

CONTACT

60 Maple Avenue, Morristown, NJ 07963

800-923-0641

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800-943-8690

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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Columbia Collection Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

John Michael Breslin

M. Richard Valenti

James M. Cerra

Corinne Gurski

Charles Brand

Linda Mainenti-Walsh

Gary A. Blaustein

Victor Spinelli

Tana Bucca

Lee Scott Befeler

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LEGAL TERMS

LIMITED PARTNERSHIP

PREFERENCE

WINDING UP

REAFFIRMATION

COLLECTION AGENCY

CREDITOR

SOLE PROPRIETORSHIP

GUARANTEED RESERVATION

DISCHARGEABLE DEBTS

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