East Orange Bankruptcy & Debt Lawyer, New Jersey, page 3

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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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Mary Lynn A. Seery

Deportation, Family Law, Victims' Rights, Consumer Bankruptcy

Status: In Good Standing

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60 Park Place, Newark, NJ 07102

Peter Lowell Nichols

Corporate, Personal Injury, Wills & Probate, Commercial Bankruptcy

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241 Kearny Avenue, Kearny, NJ 07032

David Nathaniel Crapo

International Other, Health Care Other, Health Care, Bankruptcy

Status: In Good Standing Licensed: 40 Years

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Leslie Stolbof Sinemus

Commercial Real Estate, Commercial Leasing, Corporate, Collection

Status: In Good Standing Licensed: 45 Years

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76 South Orange Avenue, South Orange, NJ 07079

Evelyn Akushie-Onyeani

Collection, Divorce, Criminal, Bankruptcy

Status: In Good Standing

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Mark D. Lurie

Employment, Elder Law, Business, Consumer Bankruptcy

Status: In Good Standing

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96 Park Street, Montclair, NJ 07042

Frank Peretore

Corporate, Securities, Bankruptcy

Status: In Good Standing

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One Boland Drive, West Orange, NJ 07052

Steven L. Vazquez

Estate Planning, Family Law, Corporate, Credit & Debt

Status: In Good Standing Licensed: 19 Years

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1 Gateway Ctr, Newark, NJ 07102

Charles B. Turner

Corporate, Credit & Debt, Collection, Business

Status: In Good Standing

CONTACT

76 South Orange Avenue, South Orange, NJ 07079

Flavio Van Boekel

Immigration, Family Law, Criminal, Collection

Status: In Good Standing

CONTACT

109 Monroe St., Newark, NJ 07105

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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.

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.

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.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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East Orange Bankruptcy & Debt Lawyer, New Jersey, page 3

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Mary Lynn A. Seery

Peter Lowell Nichols

David Nathaniel Crapo

Leslie Stolbof Sinemus

Evelyn Akushie-Onyeani

Mark D. Lurie

Frank Peretore

Steven L. Vazquez

Charles B. Turner

Flavio Van Boekel

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

PRESUMED ABUSE

C CORPORATION

HOUSEHOLDER

WORKOUT

TOXIC TORT

GUARANTOR

GUARANTEED RESERVATION

ABUSE

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