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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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Paul Joseph Riviere

Accident & Injury, Bankruptcy & Debt, Real Estate, Lawsuit & Dispute, Business

Status: In Good Standing

CONTACT

19 North County Line Rd, Jackson, NJ 08527

Sara Katz

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

Status: In Good Standing Licensed: 13 Years

FREE CONSULTATION

CONTACT

2200 West County Line Road, Jackson, NJ 08527

Mikhail Shvartsman

Employee Rights, Contract, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 11 Years

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7 Gravatt Cir, Millstone Township, NJ 08510

Robert F Dittmer

Real Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 51 Years

CONTACT

6 Dantley Dr, Howell, NJ 07731

Edward C Lambert

Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

17 Woodspring Ln, Lakehurst, NJ 08759

Gary A. Kay

Income Tax, Tax Litigation, Bankruptcy

Status: In Good Standing Licensed: 49 Years

FREE CONSULTATION

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Millstone Township, NJ 08510

Laura J Neville

Contract, Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

Cream Ridge, NJ 08514

Aaron Rubin

Real Estate, Banking & Finance, Bankruptcy, Insurance

Status: In Good Standing

CONTACT

Lakewood, NJ 08701

Joseph Eliyahu Skaist

Contract, Credit & Debt, Construction, Litigation

Status: In Good Standing Licensed: 8 Years

CONTACT

1125 Ocean Ave, Lakewood, NJ 08701

Matthew Aaron Wallace

Divorce & Family Law, Bankruptcy & Debt, Divorce

Status: In Good Standing Licensed: 23 Years

CONTACT

83 Lanes Pond Rd, Howell, NJ 07731

800-923-0641

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LEGAL TERMS

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

CCCS

See Consumer Credit Counseling Service.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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Jackson Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Paul Joseph Riviere

Sara Katz

Mikhail Shvartsman

Robert F Dittmer

Edward C Lambert

Gary A. Kay

Laura J Neville

Aaron Rubin

Joseph Eliyahu Skaist

Matthew Aaron Wallace

TIPS

LEGAL TERMS

SETOFF

NUISANCE FEES

S CORPORATION

BANKRUPTCY

GARNISHMENT

NONDISCHARGEABLE DEBTS

CCCS

REPOSSESSION

LIMITED LIABILITY

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