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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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Corinne Gurski

Collection, Construction, Environmental Law, Mental Health

Status: In Good Standing

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127 Main Street, Chatham, NJ 07928

Gerard Robert DeSapio

Family Law, Collection, Immigration, Child Support

Status: In Good Standing

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26 Journal Square, Jersey City, NJ 07306

Arun Sharma Lavine

Family Law, Divorce, Collection, Criminal

Status: In Good Standing

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600 Lawrence Road, Lawrence Township, NJ 08648

Michael S. Cohen

Construction, Mental Health, Environmental Law, Collection

Status: In Good Standing

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98 East Water Street, Toms River, NJ 08753

Sally Cann Purrazzella

Social Security -- Disability, Family Law, Collection, Banking & Finance

Status: In Good Standing

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3 Franklin Ave, Toms River, NJ 08754

Irwin P Rosenthal

Adoption, Business Organization, Child Support, Collection

Status: In Good Standing

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2083 Klockner Road, Trenton, NJ 08690

William F. Ziegler

Business Organization, Civil Rights, Collection, Employment

Status: In Good Standing

CONTACT

66 Euclid Street, Woodbury, NJ 08096

Anthony Muscente

Estate, Real Estate, Collection, Wills & Probate

Status: In Good Standing

CONTACT

5 S Main St, Allentown, NJ 08501

Albert Rescinio

Estate, Elder Law, Contract, Collection

Status: In Good Standing

CONTACT

Asbury Park, NJ 07712

Stephen W. Guice

Education, Income Tax, Traffic, Collection, Motor Vehicle

Status: In Good Standing Licensed: 40 Years

CONTACT

413 Clements Bridge Rd, Barrington, NJ 08007

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

COLLATERAL

Property that guarantees payment of a secured debt.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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Trenton Collection Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Corinne Gurski

Gerard Robert DeSapio

Arun Sharma Lavine

Michael S. Cohen

Sally Cann Purrazzella

Irwin P Rosenthal

William F. Ziegler

Anthony Muscente

Albert Rescinio

Stephen W. Guice

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LEGAL TERMS

SETOFF

CURRENT MONTHLY INCOME

COLLATERAL

WORKOUT

PRIORITY DEBT

DOING BUSINESS AS (DBA)

GUARANTEED RESERVATION

PREFERENCE

CHAPTER 7 BANKRUPTCY

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