Chapter 7 Bankruptcy Archives - Beacon Tax Advocates

Bankruptcy Basics: The Means Test

by James Wade | Sep 25, 2016 | Uncategorized

Source: Link to Form B 122A-2 Chapter 7 Means Test Calculation “Do I make too much money to file bankruptcy?” is a common question I get from potential clients. The short answer is no, but earning too much may prevent you from filing under Chapter 7. A...

Bankruptcy Basics: The Chapters of Bankruptcy in a Nutshell

by James Wade | Jan 13, 2016 | Uncategorized

Filing for bankruptcy is more than merely filing a petition in court; the Bankruptcy Code provides for five different chapters under which a debtor can file. Much work has to be done before filing to select the appropriate chapter for the client as each chapter has...

Home is Where the Heart is, or is it?! Colorado Bankruptcy Court Denies Homestead Exemption to Debtor Living in His Semi-Truck.

by James Wade | Jun 27, 2015 | Exemptions, Homestead, Residence

IN RE EDWARD ROMERO, United States Bankruptcy Court, D. Colorado; decided June 23, 2015. Edward Romero filed for Chapter 7 bankruptcy on February 12, 2015 and on his petition he listed his “1997 Peterbilt truck” as exempt under Colorado’s homestead...

Potentially Nasty Surprise for Chapter 7 Filers with Children in College

by James Wade | May 12, 2015 | Fraud & Scams, Fraudulent Transfers

Potentially Nasty Surprise for Chapter 7 Filers with Children in College Debtors file bankruptcy to get a fresh start, not always realizing what that means practically speaking. Most people understand that if you file Chapter 7 then any non-exempt assets will be sold...

Omitted Tort Claim in Bankruptcy Leaves Debtor with Coal in Her Stocking

by James Wade | Dec 29, 2014 | Uncategorized

Sometime in July, 2010, the debtor, Shawnna Pitts, was injured while leaving a CVS store in Ferndale, Michigan. As Shwanna was exiting the store, an automatic door closed on her and she was injured. Shawnna later filed suit against CVS and in 2013 she was able to...

Our Satisfied Clients

Do you owe in back taxes to the IRS and are under audit? Afriad to deal with the IRS? Hear from a few of our satisfied clients who we helped navigate their tax issues.

An incredible result!

I engaged Jim Wade earlier in 2018 to represent me in an IRS collection case arising out of several years of unpaid personal federal taxes, and was impressed by his professionalism, knowledge of tax laws, and experience in representing taxpayers before the IRS. At our first meeting he explained clearly the IRS collection process and recommended a number of steps I should take to put our position in the best possible light. He worked closely with me to gather all necessary information and formulate an offer of a repayment plan for the nearly $360,000 I owed in unpaid taxes, penalties, and interest.

David G., Falmouth, ME

Incredible Commitment and Service

My husband and I were looking to qualify for an offer in compromise with the IRS to pay off taxes that we owed. We hired Mr. Wade for a very fair price. After he investigated and crunched the numbers in every way possible to help us, he concluded that we would not qualify. His commitment to helping us did not end there. He continued to work with us to pay off our taxes, offering his expert advice. He answered all our questions thoroughly and continued to help us see this through to the end. We are very grateful for all of his hard work, his knowledge in tax law, and his full commitment to us as his clients. I would recommend his firm to anyone who needs help in taking care of and resolving any tax issues they may have no matter how big or small.

Heather C., Gardiner, ME

Highly Recommended

Jordan H., Wells, ME

Easy to Work with

We have worked with James on an IRS issue that had been on-going since 2019. The IRS claimed we owed them more than we had paid in taxes on our Federal return. When we followed James’s advice and filed an amended return, the IRS agreed with James position and we received a significant refund (enough to buy a good used car!). James is easy to work with and highly responsive. He is willing to answer emails and provide advice without always charging hourly fees. Highly recommend him and I will use him in the future if we ever have IRS issues again.

Stuart J., Florida

kind, helpful, and reassuring

I am an attorney in a different field of practice and I have clients with a variety of income tax needs. I need the tax information I receive and pass along to be spot-on accurate. I recently had an extended consultation with James, and I found that he has in-depth knowledge of the tax laws. His explanations were in plain English and provided great clarity. His demeanor is kind, helpful, and reassuring. He is a valuable professional resource.

Brent Poirier, Attorney in Portsmouth NH

Fantastic Tax Attorney

I was referred to James Wade for a very cumbersome tax lien bill problem that was put on my home by the IRS. James was extremely helpful and gave me tremendously helpful legal advice whenever I had a question or thought of going a different legal route. Thank goodness to his legal advice I waited it out and he did accomplish and was successful with having the lien removed from my property. This was so crucial as I am a single mother and needed this legal help desperately and he saved us from a lot of financial agony…seriously! If you have a tax issue James would be your go to guy for his legal expertise. He’s very helpful, prompt and available to you. He will get back to you right away if you leave him a message and actually prefers the phone as a better means of communication depending on the status of your case. To me that means he really cares and takes each case personally and wants to see each client be successful. I’m so glad that he was referred to me and I could not have asked for a better nor more competent attorney! Highly, highly recommend him!!

Elena B, Westbrook, ME

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