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Gary Schafkopf
About | Practice Areas
Schafkopf Law LLC
11 Bala Ave Bala Cynwyd, PA 19004» view map
Bankruptcy & Debt
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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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Adam M Brown

International, Reorganization, Tax, Freedom of Religion, International Tax

Status: Licensed: 17 Years

CONTACT

350 Springfield Ave, Summit, NJ 07901

Amy Elise Farris

International Other, Employment Discrimination, Corporate, Reorganization

Status: Licensed: 8 Years

CONTACT

279 Princeton Hightstown Rd, Hightstown, NJ 08520

Brenda Jean Rediess Hoosein

General Practice

Status: Licensed: 37 Years

CONTACT

Liberty Corner, NJ 07938

Brenda J Rediess-Hoosein

Government, Agriculture, Agriculture, Reorganization

Status: Licensed: 37 Years

CONTACT

Liberty Corner, NJ 07938

Brittany Wood Debord

Construction, Communication & Media Law, Banking & Finance, Reorganization

Status: Licensed: 9 Years

CONTACT

10 Jefferson Plaza, Princeton, NJ 08540

Cassye Maureen Cole

Litigation, Trusts, White Collar Crime, Reorganization

Status: Licensed: 10 Years

CONTACT

970 Broad St, Newark, NJ 07102

Michael J. Vincente

Insurance, Reorganization, Personal Injury, Civil Rights

Status:

CONTACT

673 Morris Avenue, Springfield, NJ 07081

Sean Devlin

Real Estate, Trusts, Estate, Reorganization

Status:

CONTACT

31-E Mountain Boulevard, Warren, NJ 07059

W. Raymond Felton

Securities, Corporate, Banking & Finance, Reorganization

Status:

CONTACT

99 Wood Avenue South, Woodbridge, NJ 07095

Warren Brumel

Credit & Debt, Reorganization, Workout, Bankruptcy & Debt

Status: Licensed: 44 Years

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CONTACT

65 Main Street, Keyport, NJ 07735

800-923-0641

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800-943-8690

Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

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.

FCRA

See Fair Credit Reporting Act.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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Avon By The Sea Reorganization Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Adam M Brown

Amy Elise Farris

Brenda Jean Rediess Hoosein

Brenda J Rediess-Hoosein

Brittany Wood Debord

Cassye Maureen Cole

Michael J. Vincente

Sean Devlin

W. Raymond Felton

Warren Brumel

TIPS

LEGAL TERMS

INTEREST

FCRA

S CORPORATION

ACCORD AND SATISFACTION

SUBROGATION

CREDIT COUNSELING

DEFINED CONTRIBUTION PLAN

LIMITED PARTNERSHIP

PREFERENCE

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