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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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Eric Rochkind

Real Estate, Child Support, Credit & Debt, Slip & Fall Accident

Status: In Good Standing

CONTACT

3146 State Route 27, Kendall Park, NJ 08824

Staci Greenwald

Estate, Divorce, Business, Credit & Debt

Status: In Good Standing

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Cranbury, NJ 08512

Gabriela M. Materassi

Intellectual Property, Immigration, Federal, DUI-DWI, Credit & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

12 Roszel Road, Princeton, NJ 08540

Russell U. Schenkman

Government, Estate, Business, Credit & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

13 Roszel Rd, Princeton, NJ 08540

Steven M. Richman

Motor Vehicle, Divorce & Family Law, Business, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

210 Carnegie Center, Princeton, NJ 08540

Steven Surachman

Litigation, Business, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

300 Carnegie Ctr, Princeton, NJ 08540

Jonathan Maislen Korn

Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

300 Carnegie Ctr, Princeton, NJ 08540

Steven King

Litigation, Business, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

300 Carnegie Ctr, Princeton, NJ 08540

Karl Paul Frederic

Commercial Real Estate, Trusts, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

120 Albany St, New Brunswick, NJ 08901

Darin Scott Portnoy

Health Care Other, Credit & Debt, Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

3490 Us Highway 1, Princeton, NJ 08540

800-923-0641

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LEGAL TERMS

CCCS

See Consumer Credit Counseling Service.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

SAMPLE LEGAL CASES

FORD MOTOR CREDIT COMPANY, LLC v. Calandra

... for reconsideration that Calandra deposed "three Ford credit witnesses." The appellate record only contains Anderson's and Nicosia's depositions. [2] As explained in Ford's statement of material facts in support of summary judgment, not disputed by Calandra, the debt owed by ...

FEDERATED FINANCIAL CORPORATION OF AMERICA v. ECO MEDICAL

... taken up by . . . a futile proceeding"). Even if, for the sake of argument, defendant's failure to file a timely answer was the result of excusable neglect, he presents no meritorious defenses to his personal liability for the credit card debt in this case. ...

FIA CARD SERVICES v. KESSIE

... PER CURIAM. Defendant Prince Kessie appeals from an order of the Law Division granting summary judgment against him for an alleged credit card debt in the amount of $19,214.04 plus costs. We reverse and remand for reinstatement of the pleadings. ...

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Monmouth Junction Credit & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Eric Rochkind

Staci Greenwald

Gabriela M. Materassi

Russell U. Schenkman

Steven M. Richman

Steven Surachman

Jonathan Maislen Korn

Steven King

Karl Paul Frederic

Darin Scott Portnoy

TIPS

LEGAL TERMS

CCCS

UNDUE HARDSHIP

WINDING UP

FAIR CREDIT BILLING ACT (FCBA)

LIMITED PARTNERSHIP

IRS EXPENSES

BULK SALES LAW

INTEREST

FRATERNAL BENEFIT SOCIETY BENEFITS

SAMPLE LEGAL CASES

FORD MOTOR CREDIT COMPANY, LLC v. Calandra

FEDERATED FINANCIAL CORPORATION OF AMERICA v. ECO MEDICAL

FIA CARD SERVICES v. KESSIE

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