Get Your Life Back on Track

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.”

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Welcome to the

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).


Bankruptcy Attorney Phoenix

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.


Ask Diane for help…

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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.


Bankruptcy is not in anyone’s long term plans and was something my wife and I never really considered for years as we slowly drowned in debt. Despite the social stigma of bankruptcy, my wife and I started to educate ourselves about it and realized it was a great option for us. We live in Payson, AZ and talked with the first bankruptcy lawyer we could find in Payson. He made it clear that it was the option for us but we felt demeaned and uncomfortable with some of his suggestions. Still, we felt like it was our only options so we started to move forward with him.

Soon after we retained him, we started doing our research on him and found that he had a number of red flags. Our uncomfortableness was founded. We started searching for a highly rated lawyer and found Diane. Even though she wasn’t 100% sure that representing us was our best option (due to location), she confidently and patiently answered numerous questions for us. She even gave us some other options for lawyers that she highly respected. We truly felt as though she had our best interests in mind.

In the end, Diane was able to represent us and her communication, leadership and clarity throughout the process was night and day different than our first lawyer. I can’t stress to you enough how important it was for us to have made the switch. While we were hurting financially, it was %1000 times worth it to lose the money on the retainer to our previous lawyer.

Bankruptcy is something you have to take ownership of. There was a lot of work for us to do and our case’s quality depended on us taking ownership. However, Diane was a great coach in letting us know each upcoming step and what was needed. She simplified it so that we weren’t ever overwhelmed.

When our family met in court we were at peace and confident in our preparation. Furthermore, there was a high level of respect our trustee had with Diane. This made us feel good about our representation and further confirmed our confidence in her.

It has been a year since my wife and I started to consider bankruptcy and my wife and I find ourselves pondering our last year. This time last year we felt hopeless with our debt and struggling to find any solutions. Now, we have hope for the future, more discipline with our finances and eternally thankful for Diane’s guidance through the process. We out 5 months after discharge (with a credit score of 688 which we didn’t think was possible for us) and happy to be moving into a new year with this behind us.

From beginning to end, Diane was consistent, calm, encouraging, thorough and helped us feel hope again. We can’t say enough great things about Diane!

Bankruptcy was the avenue to financial freedom for our family and it might be for yours too. Our only suggestions are to:
1. Make it a lifestyle change so you can get free and stay free
2.Take ownership of your own situation and your own bankruptcy
3. Hire Diane and trust her to help you!


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.

Diane is extremely knowledgeable about the whole process. Following her guidance help make the process as smooth as possible. Throughout the process she treated me with the upmost in respect and professionalism.

D.K.Follow Diane’s guidance to make the process go smoothly

5 starsYou 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.

M.H.You folks are the BEST OF THE BEST in Arizona.

5 starsDiane and Jay are an impeccable professional team! She explains everything you need to know and puts your heart and mind at ease with her compassion and understanding throughout the filing process. Her expertise and guidance are unsurpassed!

P.H.Her expertise and guidance are unsurpassed!

5 starsI 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.

K.H.Communication if the key. My only regret is that I didn’t find Diane sooner.


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


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.

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