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Diane L. Drain – Arizona Bankruptcy Attorney in Phoenix, Maricopa2020-09-25T13:31:53-07:00
Diane L. Drain Profile

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.

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Client’s Choice 2020

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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

August 31st, 2020|


“Filing for bankruptcy can be a stressful life event” R.A.

Filing for bankruptcy can be a stressful life event, and selecting the right attorney can add to this stress. Diane and Jay were a pleasure to work with, and it is obvious that they are passionate about helping people get their life back on track. I would highly recommend them if you need a bankruptcy attorney.

Individual Bankruptcy

Business Bankruptcy

Foreclosure / Trustee Sales


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

September 9th, 2020|

Are you financially stressed right now? What to know about options, from debt negotiation to bankruptcyRuss Wiles, Arizona Republic, Arizona [...]

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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