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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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Arun Sharma Lavine

Family Law, Divorce, Collection, Criminal

Status: In Good Standing

CONTACT

600 Lawrence Road, Lawrence Township, NJ 08648

Irwin P Rosenthal

Adoption, Business Organization, Child Support, Collection

Status: In Good Standing

CONTACT

2083 Klockner Road, Trenton, NJ 08690

Sergio I. Scuteri

Corporate, Collection, Bankruptcy Litigation, Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

8000 Midlantic Dr, Mount Laurel, NJ 08054

William H. Brosha

Litigation, Children's Rights, Business, Collection

Status: In Good Standing

CONTACT

993 Lenox Dr, Lawrence Township, NJ 08648

Robert L. Grundlock

Complex Litigation, Federal Trial Practice, Federal Appellate Practice, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

3150 Brunswick Pk, Lawrence Township, NJ 08648

Allyson Cofran

Collection, Bankruptcy, Consumer Bankruptcy

Status: In Good Standing

CONTACT

993 Lenox Dr, Lawrence Township, NJ 08648

A. Christopher Florio

Wills & Probate, Trade Associations, Collection

Status: In Good Standing

CONTACT

993 Lenox Dr, Lawrence Township, NJ 08648

Melissa Yvette Hoffman

Family Law, Bankruptcy, Collection, Landlord-Tenant

Status: In Good Standing Licensed: 21 Years

CONTACT

309 Fellowship Road, Mount Laurel, NJ 08054

Brian W. Donnelly

Collection, Estate Planning, Business, Wills & Probate

Status: In Good Standing

CONTACT

457 Haddonfield Road, Cherry Hill, NJ 08002

Graig Peters Corveleyn

Bankruptcy, Estate, Lawsuit & Dispute, Collection

Status: In Good Standing Licensed: 20 Years

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CONTACT

16 Seminary Avenue, Hopewell, NJ 08525

800-923-0641

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800-943-8690

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LEGAL TERMS

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

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.

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.

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.

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.

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.

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.

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Florence Collection Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Arun Sharma Lavine

Irwin P Rosenthal

Sergio I. Scuteri

William H. Brosha

Robert L. Grundlock

Allyson Cofran

A. Christopher Florio

Melissa Yvette Hoffman

Brian W. Donnelly

Graig Peters Corveleyn

TIPS

LEGAL TERMS

MEANS TEST

ACCORD AND SATISFACTION

CREDIT COUNSELING

SOLE PROPRIETORSHIP

REAFFIRMATION

FAIR LABOR STANDARDS ACT (FLSA)

BULK SALES LAW

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

S CORPORATION

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