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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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Deirdre R. Wheatley-Liss

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

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7 Century Drive, Parsippany, NJ 07054

Kristen A. Klics

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status:

CONTACT

7 Century Drive, Parsippany, NJ 07054

Robert J. Stack

Divorce, Child Support, DUI-DWI, Bankruptcy

Status:

CONTACT

11 Kiel Avenue, Kinnelon, NJ 07405

Steven Loeb

Wills & Probate, Corporate, Banking & Finance, Bankruptcy

Status:

CONTACT

7 Century Drive, Parsippany, NJ 07054

Aaron Benjamin Wernick

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 14 Years

CONTACT

1 Metlife Way, Whippany, NJ 07981

Adam Gerald Brief

Lawsuit & Dispute, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 24 Years

CONTACT

101 Gibralter Dr, Morris Plains, NJ 07950

Alan F. Such

Family Law, Banking & Finance, Bankruptcy

Status: Licensed: 50 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Alexander Joseph Rinaldi

Criminal, Bankruptcy & Debt, Child Support

Status: Licensed: 40 Years

CONTACT

9 Eyland Ave, Succasunna, NJ 07876

Alvin Lee Darby

Bankruptcy & Debt, Car Accident

Status: Licensed: 31 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Andrea Silverman

Bankruptcy & Debt

Status: Licensed: 20 Years

CONTACT

150 River Rd, Montville, NJ 07045

800-814-6700

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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.

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.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

FCRA

See Fair Credit Reporting Act.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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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Rockaway Bankruptcy & Debt Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Deirdre R. Wheatley-Liss

Kristen A. Klics

Robert J. Stack

Steven Loeb

Aaron Benjamin Wernick

Adam Gerald Brief

Alan F. Such

Alexander Joseph Rinaldi

Alvin Lee Darby

Andrea Silverman

TIPS

LEGAL TERMS

S CORPORATION

CREDIT INSURANCE

WORKOUT

SECURED DEBT

ACCORD AND SATISFACTION

FCRA

WINDING UP

UNSECURED DEBT

ABUSE

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