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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

Andrea Silverman

Banking & Finance, Bankruptcy, Corporate, Consumer Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

222 Ridgedale Avenue, Morristown, NJ 07962

David Alan Ast

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

222 Ridgedale Avenue, Morristown, NJ 07962

Deirdre R. Wheatley-Liss

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

7 Century Drive, Parsippany, NJ 07054

Steven Loeb

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

7 Century Drive, Parsippany, NJ 07054

Kristen A. Klics

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing

CONTACT

7 Century Drive, Parsippany, NJ 07054

Daniel Hymowitz

Bankruptcy, Personal Injury, DUI-DWI, Divorce

Status: In Good Standing

CONTACT

55 Madison Ave, Morristown, NJ 07960

Henry H. Fein

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Charles E. Falk

Litigation, Estate Planning, Banking & Finance, Commercial Bankruptcy

Status: In Good Standing

CONTACT

100 Southgate Parkway, Morristown, NJ 07962

Donald A. Richards

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status: Retired Licensed: 51 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Brian P.S. McCabe

Family Law, Banking & Finance, Corporate, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

800-923-0641

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LEGAL TERMS

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

CREDITOR

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

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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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Mount Freedom Bankruptcy Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Andrea Silverman

David Alan Ast

Deirdre R. Wheatley-Liss

Steven Loeb

Kristen A. Klics

Daniel Hymowitz

Henry H. Fein

Charles E. Falk

Donald A. Richards

Brian P.S. McCabe

TIPS

LEGAL TERMS

CREDIT BUREAU

BULK SALES LAW

FORBEARANCE

401(K) PLAN

UNSECURED DEBT

COLLECTION AGENCY

GARNISHMENT

CREDITOR

LOSS DAMAGE WAIVER (LDW)

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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