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. We offer you a free consultation with Diane. Please take advantage of that opportunity before deciding what the best step is for you and your family.

Diane Drain You may wonder why I decided to concentrate on bankruptcy as my primary area of practice. It’s simple – this is an area of law that 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. 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 shared with my students how bankruptcy laws resemble magic. 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 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).

Schedule Free Bankruptcy Consultation with Diane

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.

Arizona Exemptions [+]
Bankruptcy for an Individual [+]
Bankruptcy for a Business [+]
What is Bankruptcy [+]
General Bankruptcy Questions [+]

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.

Arizona Anti-Deficiency Flow Chart [+]
What is a Trustee Sale or Foreclosure [+]
Trustee Sale FAQ [+]
Trustee Sale & Bankruptcy [+]
Lenders: Start a Trustee’s Sale [+]

Questions

Ask Diane For Help

Client Testimonials

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!!

R Bankruptcy

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

D&B Bankruptcy

Diane and Jay helped my wife and I get past a difficult chapter in our lives. They are experienced and professional. They answered all our questions and gave us excellent advice. We followed there directions from start to finish and the process was smooth. We are very happy we met Diane and Jay. Thank you

M & J BankruptcyClient

About

Meet Diane L. Drain

Diane Drain Phoenix Bankruptcy Attorney 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.

Reverse Mortgage Nightmare – Why Seniors Are Losing Their Homes

October 21, 2017/in Bankruptcy Attorneys, Consumer Issues, Consumers, Foreclosure Attorneys, Real Estate, Trustee Sales /by Diane Drain

Federal analysis shows reverse mortgage foreclosures are on the rise. The problem, say advocates, is that many senior homeowners don’t understand the fine print in a reverse mortgage. Some wrongly assume the lender will pay the taxes and insurance. But fall behind on those payments or fail to maintain the home, and the lender can […]

Bank of America Holds Family Hostage According to Judge

October 19, 2017/in Bankruptcy, Bankruptcy Attorneys, Bankruptcy Videos, Consumer Financial Protection Bureau, Forcible Entry and Detainer, Foreclosure Attorneys, Homeowner bailout, Loan Modification, Trustee Sales /by Diane Drain

October 19, 2017 – Article posted in Bloomberg.com. Bank of America tries to bully a bankruptcy judge, ignoring the consequences of illegal acts, but the judge is not standing for it. Bank of America seems to think they can bully a bankruptcy judge, like they did a California couple in a nightmare foreclosure, but the […]

FDAA Cheated Consumers, Sued for Fraud & Misleading Clients

October 15, 2017/in Collection companies & Debt buyers, Consumer Financial Protection Bureau, Consumers, Credit Report, Debt Relief Agencies /by Diane Drain

Sued for Fraud – Federal Debt Assistance Association, LLC and Financial Document Assistance Administration, Inc. “FDAA” The CFPB alleges that FDAA’s so-called “debt validation” programs violated the law by falsely promising to eliminate consumers’ debts and improve their credit scores in exchange for thousands of dollars in advance fees.

STOP PAYDAY LOAN DEBT TRAPS – CFPB NEW RULE

October 10, 2017/in Consumer Financial Protection Bureau, Consumer Issues, Consumers, Debt Relief Agencies, Payday and other usury loans /by Diane Drain

Lenders Must Determine Upfront If Consumers Have the Ability to Repay Loans October 5, 2017 The Consumer Financial Protection Bureau (CFPB) has developed a new rule which has common-sense protections cover loans that require consumers to repay all or most of the debt at once, including payday loans, auto title loans, deposit advance products, and […]

Anti-Puppy Mill Law Upheld

September 26, 2017/in Consumer Issues, Consumers, Consumers, Small Businesses, and Creditors /by Diane Drain

Article in Journal Sentinel, part of the USA Today Network Chicago’s Anti-Puppy Mill Law Upheld by Appellate Court September 26, 2017 In 2015, a new anti-puppy mill law took effect in Chicago that changed the landscape for pet stores. The law prohibits pet retailers from sourcing animals from anywhere except government run animal shelters, or […]

Disclaimer: The information in this web site is not intended to constitute legal advice or to create an attorney-client relationship. The information, documents or forms provided herein is intended for general information purposes only and must not be regarded as legal advice. Laws change periodically; therefore the information in this site may not be accurate. It is imperative that you seek legal counsel in order to ascertain your rights and obligations under the applicable law and based upon your specific circumstances.