Our mission is to explain the intricacies of bankruptcy
and foreclosure laws in easy to understand terms. We
are also committed to helping you plan for your future,
not just address your current situation.”
Arizona’s Top Rated* Bankruptcy & Trustee Sale Attorney
Diane L. Drain, bankruptcy attorney, retired law professor, mentor, community advocate, wife and mother
WHY HIRE US? Because we are here for you and committed to treat you with respect. You are not just a number and a paycheck. Instead, you are a unique person with unique needs. We are dedicated to help you help yourself at a very difficult time in your life. You are welcome to a free bankruptcy consultation with Diane. Please take advantage of that opportunity 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 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; I explain the legal and practical issues in order for them to make informed decisions.
Your free bankruptcy consultation is personally provided by Diane Drain to help you on your road to a fresh start.
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.
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.
Our commitment to each client is to provide them the best guidance we can. Here are some comments from my clients.
* Rated by peers and clients as superb (AVVO), rated by clients as excellent (Google+), by peers as AV (highest rating possible).
We are dedicated to helping Arizona residents and small businesses protect both their assets and their future; whether through bankruptcy or other options. It is very important to us that everyone understand their rights and how to use all available resources to protect their property.
Since 1985 our firm has represented hundreds of lenders, from large national firms to individual lenders. As a result we have the expertise to assist both Arizona homeowners and Arizona lenders who are faced with the challenges of a trustees sale, foreclosure, short sale, loan workout or eviction.
We were extremely pleased with the quality and level of support you and Jay provided. We had shopped around a bit before contacting you and once we did the comparison with other attorneys and bankruptcy “mills” was extremely and significantly positive.
Diane Drain, and her amazing teammate, Jay were two of the most helpful, caring individuals I have met in a long, long time. The process of bankruptcy is daunting, having a guiding hand and experienced consul are an extremely important aspect. Remember, this is your bankruptcy, and you get out of it what you put in. It is hard work. It is not easy. If you follow Diane’s outline and are proactive, it will go on track and follow its course. If you do not, you will face challenges. Be prepared, trust in Diane, trust in Jay, and her team, you will climb the mountain and be successful.
You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.
I can’t say enough good things about Diane. The way she handled my not typical circumstances was amazing. I was very nervous to start the bankruptcy process but Diane just has a very comforting way of explaining the whole process. Communication is key when entering into a bankruptcy and there was never a time when I was unsure about where I stood. Diane and Jay were always willing to take their time to answer any questions I might have. My only regret is that I didn’t find Diane sooner. If you find yourself in a financial situation that you can’t correct on your own, please Call Diane Drain as soon as possible.
Diane L. Drain, bankruptcy attorney, retired law professor, mentor, community advocate, wife and mother
Diane truly believes that “when you find your passion, going to work every day is a joy, not a job.” Her clients can attest to her passion and commitment to excellence. In 1990 Diane L. Drain left her large firm to open her own law firm, Law Office of D.L. Drain, P.A. which focuses on debtor and creditor rights and real property lien enforcement. Diane is licensed by the State Bar of Arizona, the United States District Court of Arizona and regularly appears before the United States Bankruptcy Court. She is a conservative and practical advocate for her debtor and creditor clients. Diane is a retired law professor, where she taught bankruptcy, and since 1988 she teaches bankruptcy and foreclosure at the Arizona School of Real Estate. She is also a mentor for fellow bankruptcy lawyers. More about Diane.
My wife and I would highly recommend Diane Drain to any one who is considering bankruptcy. She handled our case professionally and in a very timely manner. Diane and her team made a long, frustrating process pretty painless. Thank you Diane!!- Signed D & B
We are dedicated to helping Arizona citizens and Arizona small companies protect both their assets and their future; whether through bankruptcy or other practical avenues. It is extremely important to us that everyone understand their rights and are able to use all available legal resources in protecting their property.
Bankruptcy is a very complicated interplay of several laws and should not be undertaken without adequate representation. Each state has a different set of laws or procedures related to bankruptcy. Do not use document preparers or inexperienced attorneys who do not practice bankruptcy law full time. Most bankruptcy lawyers offer free consultations.
I understand that you are afraid. I also understand that even calling me is scary. I am as much a teacher as a lawyer so let me answer your questions and help with your concerns.
Since 1985 our firm has represented hundreds of lenders, from large national firms to individual lenders and completed thousands of trustee sales. As a result we have the expertise to assist both homeowners and lenders who are faced with the challenges of a trustees sale, foreclosure, short sale, loan workout or eviction.
This firm is extremely proud that we have returned more than $800,000 to homeowners after the trustee’s sale is completed. This is a process that allows the original homeowner to recoup some of their equity in their home that was foreclosed.
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.
Do I have to pay taxes if I file bankruptcy? What is forgiveness of debt income? When you owe money and do not pay the full amount of the debt the lender is required to file a 1099 form with the IRS showing that you had phantom income in the amount the creditor forgave. This […]
At least once or twice a week someone asks if they have to pay a judgment when trying to sell their home. The answer is probably ‘no’, but depends on certain facts. It depends on the law of the state where the judgment debtor lives. It also depends on the type of assets the judgment […]
Scams Targeting Your Social Security Number The following is a warning from the Federal Trade Commission: Good afternoon, Today, the Bureau’s Office for Older Americans is forwarding an email about scams targeting your Social Security number. The email was sent by Jennifer Leach, Acting Associate Director, Division of Consumer and Business Education, Federal Trade Commission.
CFPB Report Shows Wells Fargo Charged Students Three Times More than Other Banks Washington, DC – re-posted from Senator Warren’s office (1/17/19) – A report by the Consumer Financial Protection Bureau (CFPB) prepared in February of 2018, but only recently released through a Freedom of Information Act request (Trump trying to slow down consumer access to information), […]
Whenever a divorce and bankruptcy come into play it is very complicated to determine which should be filed or completed before starting the other legal process. Even attorneys make mistakes. In the In re Kiley case the debtor’s failure to understand the law will lead to the loss of over $100,000 that may have been […]
