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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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John Michael Breslin

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General Practice

Experienced Attorney At Law with a demonstrated history of working in the law practice industry. Skilled in Legal Writing, Trials, Litigation, Landlor... (more)

FREE CONSULTATION

CONTACT

973-983-7020

3 Main St, Newton, NJ 07860

Ida Ivowi

Intellectual Property, Immigration, Divorce & Family Law, Estate, Bankruptcy & Debt

Ida Ivowi is a practicing lawyer in the state of New Jersey handling Intellectual Property matters.

CONTACT

187-785-6753

100 Enterprise Dr, Rockaway, NJ 07866

David Lyon Jubanowsky

Directors & Officers, Business Successions, Business Organization, Dissolution

Status: In Good Standing

CONTACT

One Main Street, Newton, NJ 07860

James M. Cerra

Farms, Alimony & Spousal Support, Adoption, Collection

Status: In Good Standing

CONTACT

One Main Street, Newton, NJ 07860

M. Richard Valenti

Corporate, Business Organization, Banking & Finance, Collection

Status: In Good Standing

CONTACT

One Main Street, Newton, NJ 07860

Howard G Katz

Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

6 Laurel Drive, Flanders, NJ 07836

Charles Brand

Tax, Estate, Collection, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Newton, NJ 07860

Joanne Sorrentino

Bankruptcy

Status: In Good Standing

CONTACT

Flanders, NJ 07836

Stephen Mcnally

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

93 Main St, Newton, NJ 07860

Gary A. Blaustein

Child Support, Adoption, Corporate, Collection

Status: In Good Standing Licensed: 40 Years

CONTACT

347 Main St, Bedminster, NJ 07921

800-923-0641

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LEGAL TERMS

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.

DISCHARGE (OF DEBTS)

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

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

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.

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.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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Vienna Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

John Michael Breslin

Ida Ivowi

David Lyon Jubanowsky

James M. Cerra

M. Richard Valenti

Howard G Katz

Charles Brand

Joanne Sorrentino

Stephen Mcnally

Gary A. Blaustein

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LEGAL TERMS

BULK SALES LAW

DISCHARGE (OF DEBTS)

UNDUE HARDSHIP

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

GUARANTOR

LIMITED LIABILITY

S CORPORATION

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

GENERAL PARTNER

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