Over 30 Years Experience
Work with Phoenix’s Top Rated Attorney
Martindale-Hubbell AV-Rated Attorney
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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.”
Welcome to the
LAW OFFICE OF D. L. DRAIN, P.A.
Arizona’s Top Rated* Bankruptcy & Trustee Sale Attorney
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.
Speak Directly to Diane Drain
Your free bankruptcy consultation is personally provided by Diane Drain to help you on your road to a fresh start.
As a law professor I told my students that parts of bankruptcy were magical.
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.
Warning: 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.
Our reputation is built on our client’s trust that we could help them during a very difficult time. 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 five star (Google+), by peers as AV (highest rating possible).
Bankruptcy
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.
Foreclosures
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.
Client Testimonials
About
Meet Diane L. Drain
Diane L. Drain, bankruptcy attorney and retired law professor
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
Bankruptcy
Experienced Bankruptcy Lawyer in Phoenix, Arizona
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.
Trustee Sale
Reliable Arizona Trustee Sale & Foreclosure Attorney
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.
Excess Proceeds
Arizona Excess Sale Proceeds
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.
For Lawyers
Basic Legal Information for 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
What Happens if You Default on a Federal Student Loan?
What can happen if you default on a federal student loan? You are “in default” on your federal student loan if you have not paid in 270 days (approximately nine months). Your wages can be garnished or your tax refunds seized. How do you stop seizure of your tax refunds?
Chapter 13 Rules in Arizona Change December 1, 2017
Arizona adopted a chapter 13 model plan – effective for all cases filed or converted after December 1, 2017 Local Rules 2084 Chapter 13 Model Plan According to the Arizona Bankruptcy Court the failure rate of those who file their own chapter 13 cases (without an experienced chapter 13 attorney) is over 98%.
Can I Buy a Home After Bankruptcy?
How long after bankruptcy do I have to wait before buying a home? Anyone who either filed for bankruptcy or is considering it has asked “how long before I can buy a new home”? Attached is a spreadsheet which purports to detail the answer to this question.
You Sue & Win, but Pay More in Taxes Than $$ Received. Thanks New Tax Law
I have been around enough not to be overly surprised by lack of common sense from Congress and our President, but the latest revelation makes my stomach hurt. What Now?? With the new Tax Cuts and Jobs Act (TCJA) it is just coming to light that a person injured and later successful in suing must […]
