Parsippany Bankruptcy & Debt Lawyer, New Jersey

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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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Deirdre R. Wheatley-Liss

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

7 Century Drive, Parsippany, NJ 07054

Steven Loeb

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

7 Century Drive, Parsippany, NJ 07054

Kristen A. Klics

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

7 Century Drive, Parsippany, NJ 07054

David Alan Ast

Corporate, Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

222 Ridgedale Avenue, Morristown, NJ 07962

Andrea Silverman

Banking & Finance, Bankruptcy, Corporate, Consumer Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

222 Ridgedale Avenue, Morristown, NJ 07962

Henry H. Fein

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Scott Jonathan Goldstein

Foreclosure, Litigation, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 20 Years

FREE CONSULTATION

CONTACT

280 West Main Street, Denville, NJ 07834

Vincent N. Macri

Medicare & Medicaid, Trusts, Estate Planning, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

49 Ridgedale Avenue, East Hanover, NJ 07936

Donald A. Richards

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: Retired Licensed: 51 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Brian P.S. McCabe

Family Law, Banking & Finance, Corporate, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

800-923-0641

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LEGAL TERMS

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

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Parsippany Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Deirdre R. Wheatley-Liss

Steven Loeb

Kristen A. Klics

David Alan Ast

Andrea Silverman

Henry H. Fein

Scott Jonathan Goldstein

Vincent N. Macri

Donald A. Richards

Brian P.S. McCabe

TIPS

LEGAL TERMS

ACCORD AND SATISFACTION

NONEXEMPT PROPERTY

SETOFF

CREDIT BUREAU

ABUSE

PRIORITY DEBT

MEANS TEST

DEBIT CARD

FRATERNAL BENEFIT SOCIETY BENEFITS

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