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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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Joseph D Sullivan

Litigation, Estate, Corporate, Collection, Accident & Injury

Status: In Good Standing

CONTACT

8 Ridgedale Avenue, Cedar Knolls, NJ 07927

Matthew Taylor Sheffield

Employment, Consumer Protection, Credit & Debt, Collection

Status: In Good Standing Licensed: 12 Years

CONTACT

3010 Route 10 West, Denville, NJ 07834

Linda Mainenti-Walsh

Family Law, Child Custody, Adoption, Collection

Status: In Good Standing

CONTACT

165 East Main Street, Denville, NJ 07834

Norman George Kalina

Health Care Other, Estate, Criminal, Collection

Status: In Good Standing Licensed: 34 Years

CONTACT

49 Shongum Road, Dover, NJ 07869

Kathleen B. Riordan

Litigation, Estate Planning, Contract, Collection

Status: In Good Standing Licensed: 23 Years

CONTACT

15 Sherbrooke Drive, Florham Park, NJ 07932

Stephen John Simoni

Litigation, Employment, Misdemeanor, Collection

Status: In Good Standing Licensed: 31 Years

CONTACT

30 B Vreeland Rd, Florham Park, NJ 07932

Richard Onorevole

Landlord-Tenant, Collection

Status: In Good Standing

CONTACT

101 N Beverwyck Rd, Lake Hiawatha, NJ 07034

Stuart Nachbar

Bankruptcy & Debt, Collection, Bankruptcy, Credit & Debt, Banking & Finance

Status: In Good Standing Licensed: 30 Years

FREE CONSULTATION

CONTACT

354 Eisenhower Parkway, Livingston, NJ 07039

John Grogan

Health Care, Criminal, Collection, Accident & Injury

Status: In Good Standing

CONTACT

25 Prospect St, Morristown, NJ 07960

John T Grogan

Health Care Other, Collection, Accident & Injury

Status: In Good Standing

CONTACT

25 Prospect St, Morristown, NJ 07960

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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 INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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.

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.

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.

CCCS

See Consumer Credit Counseling Service.

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.

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Denville Collection Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Joseph D Sullivan

Matthew Taylor Sheffield

Linda Mainenti-Walsh

Norman George Kalina

Kathleen B. Riordan

Stephen John Simoni

Richard Onorevole

Stuart Nachbar

John Grogan

John T Grogan

TIPS

LEGAL TERMS

UNSECURED DEBT

NONDISCHARGEABLE DEBTS

SUBROGATION

CREDIT INSURANCE

NO-FAULT INSURANCE

S CORPORATION

CHAPTER 7 BANKRUPTCY

CCCS

WINDING UP

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