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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
1. Contact
2. Email
3. Refer
5. Visit:
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7. Profile

Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

David Howard Yunghans

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

491 Brookside Avenue, Bloomingdale, NJ 07403

David H Yunghans

General Practice

Status: In Good Standing

CONTACT

491 Brookside Avenue, Bloomingdale, NJ 07403

Jason-Benjamin Masculino Hyndman

Litigation, Environmental Law Other, Employee Rights, Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

50 Tice Blvd, Woodcliff Lake, NJ 07677

Judith E Ball

Custody & Visitation, Adoption, Criminal, Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

167 Franklin Tpke, Waldwick, NJ 07463

Lloyd Bradley Sarakin

Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

1 Sony Drive, Park Ridge, NJ 07656

Lloyd Sarakin

Bankruptcy

Status: In Good Standing

CONTACT

Wyckoff, NJ 07481

Marissa Escurra-Dubiel

Bankruptcy

Status: In Good Standing

CONTACT

Allendale, NJ 07401

Mark Thomas Matri

Immigration, Employee Rights, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

398 Cambridge Dr, Ramsey, NJ 07446

Martin John Carrara

Business & Trade, Commercial Bankruptcy, Food & Drug Administration

Status: In Good Standing Licensed: 27 Years

CONTACT

1 Becton Dr, Franklin Lakes, NJ 07417

Michael Andrew Orozco

DUI-DWI, Bankruptcy, Family Law, Business, Criminal

Status: In Good Standing Licensed: 21 Years

CONTACT

50 Tice Blvd, Woodcliff Lake, NJ 07677

800-923-0641

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LEGAL TERMS

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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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Ramsey Bankruptcy Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

David Howard Yunghans

David H Yunghans

Jason-Benjamin Masculino Hyndman

Judith E Ball

Lloyd Bradley Sarakin

Lloyd Sarakin

Marissa Escurra-Dubiel

Mark Thomas Matri

Martin John Carrara

Michael Andrew Orozco

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

SOLE PROPRIETORSHIP

401(K) PLAN

INFRINGEMENT (OF TRADEMARK)

IRS EXPENSES

UNSECURED DEBT

LIMITED PARTNERSHIP

GRACE PERIOD

C CORPORATION

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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