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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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Howard G Katz

Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

6 Laurel Drive, Flanders, NJ 07836

Victor A Amada

Mass Torts, Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

230 Route 206, Flanders, NJ 07836

Joanne Sorrentino

Bankruptcy

Status: In Good Standing

CONTACT

Flanders, NJ 07836

Joan S. Lavery

Collection, Bankruptcy & Debt, Car Accident

Status: In Good Standing Licensed: 35 Years

CONTACT

699 Washington St, Hackettstown, NJ 07840

Joan Sirkis Warren

Government, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

699 Washington Street, Hackettstown, NJ 07840

Jonathan Stone

International, Bankruptcy & Debt

Status: In Good Standing

CONTACT

486 Schooley's Mountain Road, Hackettstown, NJ 07840

Dora Grossman

Motor Vehicle, Family Law, Criminal, Credit & Debt

Status: In Good Standing

CONTACT

Ledgewood, NJ 07852

Frederick C. Norton

Real Estate, Divorce & Family Law, Criminal, Collection, Accident & Injury

Status: In Good Standing Licensed: 52 Years

CONTACT

276 Route 206, Andover, NJ 07821

Ginger H Stillman

Civil Rights, Administrative Law, Collection, Accident & Injury

Status: In Good Standing Licensed: 23 Years

CONTACT

201 Route 10 East, Succasunna, NJ 07876

Karen Ruth Seiden

Education, Immigration, Business, Bankruptcy

Status: In Good Standing Licensed: 31 Years

CONTACT

505 Dinah Rd, Landing, NJ 07850

800-923-0641

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LEGAL TERMS

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.

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.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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Budd Lake Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Howard G Katz

Victor A Amada

Joanne Sorrentino

Joan S. Lavery

Joan Sirkis Warren

Jonathan Stone

Dora Grossman

Frederick C. Norton

Ginger H Stillman

Karen Ruth Seiden

TIPS

LEGAL TERMS

INFRINGEMENT (OF TRADEMARK)

ADMINISTRATIVE EXPENSES

SOLE PROPRIETORSHIP

LIMITED LIABILITY

FAIR LABOR STANDARDS ACT (FLSA)

NONEXEMPT PROPERTY

COSIGNER

HOUSEHOLDER

PRESUMED ABUSE

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