Diane L. Drain
My goal is to help you understand your options. Our discussion is solely educational, with no commitment to filing a bankruptcy.
WHY HIRE ME? As a well-known Arizona bankruptcy attorney, I am here for you and committed to treating you with respect – you are never just a number and a paycheck. Instead, you are a unique person with unique needs. I am dedicated to helping you help yourself, at a very difficult time in your life. Please take advantage of a free bankruptcy consultation with me (a retired law professor) before deciding the best path that will protect you and your assets.
Why did I decide to concentrate on bankruptcy?
It’s simple – this area of law reminds me of why I went to law school – to help others in their time of need. My goal is to be an experienced guide for all my clients. To help them to traverse the crevasses between their needs, the law, and the bankruptcy system. I don’t tell my clients what to do; instead, I explain the legal and practical issues in order for them to make informed decisions. More about Diane.
Since 1991 we helped over 2,500 people find financial security.
Our clients seek our help from an Arizona bankruptcy attorney at time their lives are turned upside down; most are scared and just want a calm nights sleep. Our responsibility is to guide our clients toward that peaceful sleep, but requires hard work. Many of these reviews describe their successful travel to that peaceful life.
Most Recent Client Review
Diane is a first CUSTOMER that I’m leaving a review for… As her IT consultant, Diane proves to us weekly that she is a capable, responsible, honest and hard working woman! Diane’s care of her customers, their security, her professionalism towards them and what she does to keep up with technology and security, is above any other lawyer we’ve worked with! Diane’s contribution to the attorney community in Arizona is a fresh breath of greatness, and the fact that she’s been practicing law and helping so many lawyers grow, tells us she’s the last person to quit, and the first person to help. Thanks to Diane, we have made lots of connections with the legal industry, the state bar, lawyers and firms in Arizona and out. She’s an honest, professional and “easy going” down to earth lady.
Standing by you post coronavirus (COVID-19)
The coronavirus crisis has affected businesses and individuals in every industry, and the road to recovery will be challenging – but, this is also an opportunity for innovation.
Managing cash flow, financial and contractual commitments, customers and clients, protecting jobs and retaining talent is of paramount importance.
As we look beyond the pandemic, lockdowns and government funding, what does the future hold? And as we now assess the return to work, and businesses begin to open their doors across the world, it is vital that you safeguard key business assets and plan carefully for the way ahead, however rocky it may seem.
We are here to help.
Bankruptcy is complicated
As an Arizona bankruptcy lawyer, I recognize bankruptcy is complicated and must be treated with respect. Many people file bankruptcy on their own or using inexperienced attorneys. This can be the beginning of a nightmare. These folks lose their tax refunds, vehicles, inheritance and certain property that is important to them. Normally these problems can be avoided if a bankruptcy is planned properly.
When a bankruptcy is filed a “magical” umbrella, called the automatic stay, protects the debtor and their property. This umbrella is so powerful that it stops almost everyone in their tracks – even the IRS. Unless a bankruptcy court orders otherwise a mortgage company, bill collector or creditor cannot meddle with the debtor or any property of the debtor.
Our commitment to each client is to provide them the best guidance we can. Here are some comments from my clients.
For Lawyers
Basic Legal Information for Lawyers
Provided by an Arizona bankruptcy attorney for fellow lawyers. The practice of law becomes more complex each day. The day of the attorney who “does it all” is rapidly waning. Not because one attorney cannot provide good legal and practical advice in several areas of law, but because they probably should not.
Each day there are new laws, new court decisions, new policies or administrative procedures that directly influence existing laws. Each of these changes impact other areas of law. For instance, a change in the tax law affects bankruptcy or real estate law. Or, a federal court decision directly impacts existing state laws.
Recent Posts
Are you financially stressed right now? What to know about options, from debt negotiation to bankruptcy
Are you financially stressed right now? What to know about options, from debt negotiation to bankruptcyRuss Wiles, Arizona Republic, Arizona [...]
How to Rebuild Your Credit
CREDIT BUILDER LOAN COULD HELP CONSUMERS BUILD OR REBUILD THEIR CREDIT (reprint from CFPB) July 13, 2020, the Consumer Financial [...]
Supreme Court Decision – Consumer Financial Protection Bureau
The question – can a President remove the Director of Consumer Financial Protection Bureau (CFPB) ‘just because’? The answer – [...]
Resources for Consumers – COVID-19
SCAMS ABOUND – NEVER BELIEVE WHAT SOMEONE TELLS YOU, UNLESS YOU CHECK IT OUT. Here are some Arizona resources to [...]
The IRS Will Not Call You About Your Stimulus Money – It Is a Scam
IF YOU GET A CALL FROM SOMEONE SAYING THEY ARE FROM THE IRS – STOP!!!! IT IS A SCAM!!!! June 24, 2020 – The Federal [...]
COVID-19 Scams – Warnings from FTC
ALERT FOR SMALL BUSINESS OWNERS NEEDING PPP LOANS Law suit against Ponte Investments, LLC, promoted their “SBA Loan Program” and website “SBAloanprogram.com […]
COVID Has Exposed Many of Our Neighbors to an Ugly Financial Reality
The next 12 to 18 months is going to be financially difficult for many of our neighbors Our new normal is homeschooling, face masks and [...]
Paycheck Protection Program – New Changes
SBA issues rules and guidance regarding the amended Paycheck Protection Program. The Flexibility Act: legislation signed June 5 lowered to 60% from 75% the minimum [...]
As a law professor, I told my students that parts of bankruptcy are magical.
My goal is to educate you about the options and the process from beginning to end. I also help you plan for your future. Our firm is Committed to Quality, not focused on Quantity.