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Gary Schafkopf
About | Practice Areas
Schafkopf Law LLC
11 Bala Ave Bala Cynwyd, PA 19004» view map
Bankruptcy & Debt
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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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Mark Kriegel

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Bankruptcy, Litigation, Insurance, Wills & Probate, Business Organization

Representing clients in bankruptcy, insurance, civil litigation and small business formation and operating agreements.

FREE CONSULTATION

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800-650-5670

1479 Pennington Rd., Ewing, NJ 08618

Irwin P Rosenthal

Adoption, Business Organization, Child Support, Collection

Status: In Good Standing

CONTACT

2083 Klockner Road, Trenton, NJ 08690

Allen Gorski

Bankruptcy & Debt, Collection, Foreclosure, Bankruptcy

Status: In Good Standing

CONTACT

311 White Horse Avenue, Trenton, NJ 08610

Scott Kaplan

Real Estate, Business, Bankruptcy Litigation, Bankruptcy & Debt

Status: In Good Standing

CONTACT

12 North Main Street, Allentown, NJ 08501

Robert W. Pinard

Estate, Divorce, DUI-DWI, Credit & Debt, Personal Injury

Status: In Good Standing

CONTACT

37 Robbinsville-Allentown Road, Robbinsville, NJ 08691

Richard Allen Bokma

Accident & Injury, Bankruptcy & Debt, Divorce & Family Law, Employment

Status: In Good Standing Licensed: 35 Years

CONTACT

2667 Nottingham Way, Trenton, NJ 08619

Jay Feldman

Bankruptcy

Status: In Good Standing

CONTACT

Columbus, NJ 08022

Albert Russo

Bankruptcy

Status: In Good Standing

CONTACT

Trenton, NJ 08601

Deon Devall Owensby

Juvenile Law, Family Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

143 East State Street, Trenton, NJ 08608

Brian Hofmeister

Bankruptcy

Status: In Good Standing

CONTACT

Trenton, NJ 08601

800-923-0641

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800-943-8690

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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.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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Chesterfield Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Mark Kriegel

Irwin P Rosenthal

Allen Gorski

Scott Kaplan

Robert W. Pinard

Richard Allen Bokma

Jay Feldman

Albert Russo

Deon Devall Owensby

Brian Hofmeister

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LEGAL TERMS

SETOFF

BULK SALES LAW

ADMINISTRATIVE EXPENSES

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

MEANS TEST

BANKRUPTCY

TRADE NAME

REDEMPTION

DISCHARGEABLE DEBTS

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