West Milford Bankruptcy 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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Robert J. Stack

Divorce, Child Support, DUI-DWI, Bankruptcy

Status: In Good Standing

CONTACT

11 Kiel Avenue, Kinnelon, NJ 07405

John J. Scura

Mass Torts, Complex Litigation, Consumer Protection, Corporate, Bankruptcy Litigation

Status: In Good Standing

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1599 Hamburg Turnpike, Wayne, NJ 07470

Joseph J. Reilly

Bankruptcy, Corporate, Employment, Insurance

Status: In Good Standing

CONTACT

1599 Hamburg Turnpike, 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

Edward P. Azar

Real Estate, Traffic, Family Law, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

2840 Route 23 South, Newfoundland, NJ 07435

William Neafsey

Education, Timeshare, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

Oakland, NJ 07436

Rami Mahmoud Salim

Elder Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 9 Years

CONTACT

521A Hamburg Tpke, Pompton Lakes, NJ 07442

James Castiglia

Workers' Compensation, Elder Law, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

5561 Berkshire Valley Road, Oak Ridge, NJ 07438

Larry B. Goodman

Criminal, Bankruptcy & Debt, Real Estate, Bankruptcy, Collection

Status: In Good Standing Licensed: 47 Years

CONTACT

10 Evans Place, Pompton Plains, NJ 07444

John P Pieroni

Civil Rights, Animal Bite, Bankruptcy, Landlord-Tenant, Federal Appellate Practice

Status: In Good Standing Licensed: 46 Years

CONTACT

47 Brookside Avenue, Pompton Plains, NJ 07444

800-923-0641

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LEGAL TERMS

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

FCBA

See Fair Credit Billing Act.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

SAMPLE LEGAL CASES

Spring Creek Holding Company, Inc. v. Shinnihon USA Co., Ltd.

... PNY failed to make some of the tax payments. In 1994, PNY filed for bankruptcy. In 1998, through the bankruptcy proceedings, Seasons Investment Corporation (SIC) purchased for $9.1 million the hotel and PNY's right to reacquire from Shinnihon the Remainder Property. ...

EMC Mortg. Corp. v. Chaudhri

... Unicor then sought protection under the Bankruptcy Code. Plaintiff EMC Mortgage Corporation (EMC) purchased the Chaudhris' mortgage at a bankruptcy sale. EMC received an assignment of the mortgage and proceeded on Unicor's behalf to prosecute the foreclosure action. ...

US EX REL. USDA v. Scurry

... On April 1, 2004, after the final judgment of foreclosure was entered but before title, possession and ejectment were sought, defendant sought protection from her creditors pursuant to Chapter XIII of the United States Bankruptcy Code, [1] 11 USC Â§Â§ 1301-1330, a step that ...

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West Milford Bankruptcy Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Robert J. Stack

John J. Scura

Joseph J. Reilly

Daniel B Sullivan

Edward P. Azar

William Neafsey

Rami Mahmoud Salim

James Castiglia

Larry B. Goodman

John P Pieroni

TIPS

LEGAL TERMS

UNSECURED DEBT

BANKRUPTCY

AUTOMATIC STAY

BANKRUPTCY TRUSTEE

BULK SALES LAW

FCBA

C CORPORATION

GENERAL PARTNER

DISCHARGE (OF DEBTS)

SAMPLE LEGAL CASES

Spring Creek Holding Company, Inc. v. Shinnihon USA Co., Ltd.

EMC Mortg. Corp. v. Chaudhri

US EX REL. USDA v. Scurry

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