East Hanover 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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Enrico Luciano

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Estate, Divorce & Family Law, Power of Attorney, Bankruptcy, Real Estate

Enrico Luciano is a practicing lawyer in the state of New Jersey.

CONTACT

800-947-8041

271 Route 46 West, Fairfield, NJ 07004

David Alan Ast

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

Status: In Good Standing

FREE CONSULTATION

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222 Ridgedale Avenue, Morristown, NJ 07962

Deirdre R. Wheatley-Liss

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

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7 Century Drive, Parsippany, NJ 07054

Kristen A. Klics

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

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7 Century Drive, Parsippany, NJ 07054

Steven Loeb

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

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7 Century Drive, Parsippany, NJ 07054

A Richard Ross

Arbitration, Collection

Status: In Good Standing

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5 Becker Farm Rd, Roseland, NJ 07068

Aaron Benjamin Wernick

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

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1 Metlife Way, Whippany, NJ 07981

Adam Seidner

Divorce & Family Law, Bankruptcy & Debt, Misdemeanor, Real Estate

Status: In Good Standing Licensed: 11 Years

FREE CONSULTATION

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3 Overlook Court, North Caldwell, NJ 07006

Adele Lee

Industry Specialties, Criminal, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

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101 Eisenhower Parkway, Roseland, NJ 07068

Alan R. Hammer

Tax, Commercial Real Estate, Litigation, Commercial Bankruptcy

Status: In Good Standing

CONTACT

101 Eisenhower Pkwy, Roseland, NJ 07068

800-923-0641

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LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

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.

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.

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.

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.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the 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.

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East Hanover Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Enrico Luciano

David Alan Ast

Deirdre R. Wheatley-Liss

Kristen A. Klics

Steven Loeb

A Richard Ross

Aaron Benjamin Wernick

Adam Seidner

Adele Lee

Alan R. Hammer

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LEGAL TERMS

CREDITOR

ADMINISTRATIVE EXPENSES

ACCORD AND SATISFACTION

S CORPORATION

ABUSE

AUTOMATIC STAY

BULK SALES LAW

401(K) PLAN

LIMITED PARTNERSHIP

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