Diane L. Drain – Arizona Bankruptcy Attorney in Phoenix, MaricopaSite Producer2021-12-23T16:04:58-07:00

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Diane L. Drain Profile

Diane L. Drain “Knowledge dispels fear”

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.  If bankruptcy is necessary, it is not the end of your financial life; it is the beginning of your financial freedom.  But done wrong it is the beginning of a nightmare. 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.

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Client’s Choice 2020

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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.


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

  • bankruptcy

January 13th, 2022|


“Diane’s steady hand, expertise and cool head, got us on the right track.  P.R.

bankruptcyOur lives were spinning out of control. We were trying all kinds of “quick fix” gimmicks to get our finances in order following employment challenges and being small business owners. The hole was getting deeper and deeper! By the grace of God, we met Diane Drain. Her steady hand, expertise and cool head, got us on the right track. Her explanations and guidance were amazing, helping us to come through to the bright side again! We embrace 2022 without fear! Don’t waste time on promises of miracles and quick fixes. Give Diane the wheel and follow her roadmap! P.R. (more…)

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.


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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.

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