Rockaway Bankruptcy & Debt Lawyer, New Jersey, page 2

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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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2. Email
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Brian P.S. McCabe

Family Law, Banking & Finance, Corporate, Bankruptcy

Status: Licensed: 40 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Nicholas V Rogers

Foreclosure, Litigation, Elder Law, Bankruptcy

Status:

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7 Century Drive, Parsippany, NJ 07054

Michael S. Hanusek

Family Law, Corporate, Banking & Finance, Bankruptcy, Litigation

Status: Licensed: 44 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Victor Spinelli

Foreclosure, Wills & Probate, Business, Collection

Status:

CONTACT

7 Century Drive, Parsippany, NJ 07054

Richard Onorevole

Landlord-Tenant, Collection

Status:

CONTACT

101 N Beverwyck Rd, Lake Hiawatha, NJ 07034

Vincent Dimaiolo

Family Law, Banking & Finance, Corporate, Bankruptcy, Litigation

Status: Licensed: 36 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

Michael Jon Peters

Collection

Status: Licensed: 14 Years

CONTACT

7 Entin Road, Parsippany, NJ 07054

Joseph D Sullivan

Litigation, Estate, Corporate, Collection, Accident & Injury

Status:

CONTACT

8 Ridgedale Avenue, Cedar Knolls, NJ 07927

Jennifer Ann Etkin

Business & Trade, Corporate, Contract, Commercial Bankruptcy

Status: Licensed: 30 Years

CONTACT

409 Woodmont Dr, Cedar Knolls, NJ 07927

Alan F. Such

Family Law, Banking & Finance, Bankruptcy

Status: Licensed: 50 Years

CONTACT

7 Century Dr, Parsippany, NJ 07054

800-814-6700

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LEGAL TERMS

DISCHARGE (OF DEBTS)

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

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.

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.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

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.

TRADE NAME

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

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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Rockaway Bankruptcy & Debt Lawyer, New Jersey, page 2

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Brian P.S. McCabe

Nicholas V Rogers

Michael S. Hanusek

Victor Spinelli

Richard Onorevole

Vincent Dimaiolo

Michael Jon Peters

Joseph D Sullivan

Jennifer Ann Etkin

Alan F. Such

TIPS

LEGAL TERMS

DISCHARGE (OF DEBTS)

LIMITED LIABILITY

UNSECURED DEBT

DISCHARGEABLE DEBTS

GRACE PERIOD

GUARANTOR

SECURED DEBT

TRADE NAME

NONEXEMPT PROPERTY

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