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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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Richard Fortunato

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Estate, Bankruptcy & Debt, Tax, Real Estate

Richard Fortunato proudly serves Spring Lake, NY and the neighboring communities in the areas of estate, bankruptcy & debt, tax, real estate, and gene... (more)

FREE CONSULTATION

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800-908-8960

PO Box 135, Spring Lake, NJ 07762

Joseph J. La Costa

Corporate, Credit & Debt, Tax

Status: In Good Standing

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225 Broad Street, Red Bank, NJ 07701

Russell Piston Goldman

Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

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121 State Route 36, West Long Branch, NJ 07764

Ralph D Tawil

Real Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

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1062 Broadway, West Long Branch, NJ 07764

Paul Edinger

Immigration, Bankruptcy

Status: In Good Standing

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1062 Broadway, West Long Branch, NJ 07764

David A Roth

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 56 Years

CONTACT

40 State Rte 36, West Long Branch, NJ 07764

Lauren Elizabeth Shumejda

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

1 Commvault Way, Eatontown, NJ 07724

Patrick Moscatello

Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

90 Washington St, Long Branch, NJ 07740

Patricia Colligan

Wills, Trusts, Family Law, Bankruptcy

Status: In Good Standing Licensed: 23 Years

FREE CONSULTATION

CONTACT

615 Hope Road, Eatontown, NJ 07724

Derek Michael Cassidy

Other, Lawsuit & Dispute, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

750 Broad St, Shrewsbury, NJ 07702

800-923-0641

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LEGAL TERMS

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.

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.

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

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.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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Red Bank Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Richard Fortunato

Joseph J. La Costa

Russell Piston Goldman

Ralph D Tawil

Paul Edinger

David A Roth

Lauren Elizabeth Shumejda

Patrick Moscatello

Patricia Colligan

Derek Michael Cassidy

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LEGAL TERMS

NO-FAULT INSURANCE

C CORPORATION

AUTOMATIC STAY

MEETING OF CREDITORS

COLLATERAL

IRS EXPENSES

INFRINGEMENT (OF TRADEMARK)

SOLE PROPRIETORSHIP

REDEMPTION

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