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

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.

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 excellent (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

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 BankruptcyAVOID THE BANKRUPTCY MILLS

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

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.

K.B.Remember, this is your bankruptcy, and you get out of it what you put in.

About

Meet Diane L. Drain

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

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 so let me answer your questions and help with your concerns.

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.

Dramatic Increase in Elderly Filing Bankruptcy

August 11, 2018/in Bankruptcy, Consumer Issues /by Diane Drain

The number of elderly filing for bankruptcy is three times what it was in 1991. As a study, from the Consumer Bankruptcy Project, explains, elderly people whose finances are precarious have few places to turn. “When the costs of aging are off-loaded onto a population that simply does not have access to adequate resources, something has […]

Arizona Supreme Court Gets It Right – Collection on Credit Card Debt

July 27, 2018/in Consumer Issues, Consumers, Creditors /by Diane Drain

Arizona Supreme Court Decides Statute of Limitations ON CREDIT CARD DEBT / ON INSTALLMENT DEBTS runs from the date of the first uncured missed payment. Mertola LLC v Alberto J Santos/Arlene Santos CV-17-0109-PR (AZ Supreme Court, 7-27-18) Statute of limitation for debt collection in Arizona – cause of action to collect the entire debt accrued as […]

Discharge vs Automatic Stay and Credit Reporting

July 22, 2018/in Bankruptcy Attorneys, Consumers, Credit Report /by Diane Drain

The Fair Credit Reporting Act “FCRA” and the Bankruptcy Code The Automatic Stay v. the Bankruptcy Discharge The Fair Credit Reporting Act “FCRA” and the Bankruptcy Code deal with debt differently and this difference can become confusing for everyone, including experienced bankruptcy attorneys. For instance, the legal status of a debt changes as a bankruptcy moves […]

Tenants Facing Foreclosure Protected by New Federal Law

July 21, 2018/in Consumers, Foreclosure, Trustee Sales /by Diane Drain

Most Tenants Facing Foreclosure Now Have Some Protection, at Least for 90 Days On May 24, 2018 a permanent extension of the “Protecting Tenants at Foreclosure Act” (PTFA) was signed into federal law. The PTFA enables renters whose homes were in foreclosure to remain in their homes for at least 90 days or for the […]

Navient’s Latest Student Loan Scam

July 17, 2018/in Collection companies & Debt buyers, Consumer Issues, Student Loans /by Diane Drain

California Attorney General files a lawsuit against Navient and subsidiaries, Pioneer and General Revenue Corp., alleging violation of California’s unfair competition and false advertising laws Misrepresenting the order in which the company would apply extra loan payments and failing to properly discharge federal student debt for borrowers with a total and permanent disability.

Disclaimer: The information in this web site is not intended to provide legal advice or to create an attorney-client relationship; but is intended for general education and information purposes only. Laws change periodically, therefore the information in this site may not be accurate. It is imperative that you seek legal counsel in order to determine your rights and obligations under the law and based upon your specific circumstances. | Privacy Policy | Disclaimer.
Address: Law Office of D.L. Drain, P.A. 2375 E Camelback Rd #600, Phoenix, AZ 85016
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