Chatham Bankruptcy & Debt Lawyer, New Jersey

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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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2. Email
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Corinne Gurski

Collection, Construction, Environmental Law, Mental Health

Status: In Good Standing

CONTACT

127 Main Street, Chatham, NJ 07928

William T Anastasio

Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 23 Years

CONTACT

338 Main St, Chatham, NJ 07928

Scott E Tanne

Bankruptcy & Debt, Bankruptcy, Credit & Debt, Collection

Status: In Good Standing Licensed: 50 Years

CONTACT

25 Chatham Rd, Summit, NJ 07901

Michael Pompeo

Bankruptcy

Status: In Good Standing

CONTACT

7 Rowan Rd, Chatham, NJ 07928

Jackson Smittick

Administrative Law, Welfare, Credit & Debt, Animal Bite

Status: In Good Standing

CONTACT

1902 West Main Avenue, New Providence, NJ 07974

Anthony Joseph Chirles

Traffic, Lawsuit & Dispute, Immigration, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

127 Main Street, Chatham, NJ 07928

Valerie Jacobson Kelleher

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

70 Tall Oaks Dr, Summit, NJ 07901

Scott M. Joseph

Bankruptcy & Debt

Status: In Good Standing

CONTACT

121 Chanlon Road, New Providence, NJ 07974

Marguerite Kneisser

Workers' Compensation, Elder Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 12 Years

CONTACT

422 Morris Ave, Summit, NJ 07901

Jason Ryan Hawrylak

Deportation, Child Custody, Criminal, Collection

Status: In Good Standing

CONTACT

422 Morris Ave, Summit, NJ 07901

800-923-0641

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LEGAL TERMS

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

Chatham Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Corinne Gurski

William T Anastasio

Scott E Tanne

Michael Pompeo

Jackson Smittick

Anthony Joseph Chirles

Valerie Jacobson Kelleher

Scott M. Joseph

Marguerite Kneisser

Jason Ryan Hawrylak

TIPS

LEGAL TERMS

S CORPORATION

LIMITED LIABILITY

CHAPTER 13 BANKRUPTCY

CREDIT INSURANCE

DISCHARGE (OF DEBTS)

LIQUIDATING PARTNER

REAFFIRMATION

INTEREST

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