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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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Arthur J Raimon

Employment, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

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Brian Lundquist

Estate, Divorce & Family Law, Collection, Personal Injury

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Brian Christopher Lundquist

Estate, Divorce & Family Law, Collection, Personal Injury

Status: In Good Standing Licensed: 15 Years

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Carlos D Martinez

Employee Rights, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing

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1599 Hamburg Tpke, Wayne, NJ 07470

Charles Brand

Tax, Estate, Collection, Bankruptcy & Debt

Status: In Good Standing

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Newton, NJ 07860

Charles Edward Tempio

Administrative Law, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 17 Years

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1401 Valley Road, Wayne, NJ 07470

Christopher Heyer

Real Estate, Employment, Business, Bankruptcy

Status: In Good Standing Licensed: 34 Years

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Damon Sedita

Environmental Law Other, Environmental Law, Collection, Car Accident

Status: In Good Standing

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1680 State Rte. 23, Wayne, NJ 07470

Daniel B Sullivan

Employment, Consumer Protection, Insurance, Consumer Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 15 Years

CONTACT

179 Cahill Crossroad 206, West Milford, NJ 07480

David C Wigfield

Residential Real Estate, Estate Planning, Business Organization, Bankruptcy

Status: In Good Standing Licensed: 48 Years

CONTACT

1599 Hamburg Tpke, Wayne, NJ 07470

800-923-0641

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LEGAL TERMS

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

CCCS

See Consumer Credit Counseling Service.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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Mc Afee Bankruptcy & Debt Lawyer, New Jersey, page 3

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Arthur J Raimon

Brian Lundquist

Brian Christopher Lundquist

Carlos D Martinez

Charles Brand

Charles Edward Tempio

Christopher Heyer

Damon Sedita

Daniel B Sullivan

David C Wigfield

TIPS

LEGAL TERMS

DISPOSABLE INCOME

CCCS

WORKOUT

REDEMPTION

CHAPTER 13 PLAN

CHAPTER 7 BANKRUPTCY

ABUSE

NO-FAULT INSURANCE

BULK SALES LAW

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