bankruptcyWe know you are stressed, overwhelmed and afraid of what may come next. You dread every time the phone rings or someone knocks on the door.  You are afraid you cannot make payroll, pay taxes and that your creditors will shut your business.  If you watch the videos and fill out the questionnaire (below) I will do my best to give you the tools necessary to make informed decisions about your unique situation.


♥ This quote from one of our wonderful clients may help you understand our philosophy in working with our clients.

Diane and Jay are responsive, knowledgeable, efficient, trustworthy, good communicators, detail-oriented, well-connected, caring and compassionate. They provided a balance of head and heart combined with expertise and appropriate action to get it done. Being a well-established lawyer, when issues came up that were not directly in her area of expertise, we received excellent referrals. The process was smooth and easy. Not a single problem with our experience. Everything was positive.  Other client comments.

Sometimes bankruptcy is not the only option, we will talk about other choices.

Here are some Small Business FAQ’s.



Diane L. Drain, bankruptcy attorney, retired law professor, mentor and community spokesperson.

When facing a financial crisis everyone has a lot of questions. I want to answer those questions, but first you must do two important things.

  1. You need to learn what creditors can do to your company and to you, plus you need to know your rights, including a little about the about the bankruptcy process, and
  2. I need to learn about your unique situation.

In order for me to help please to do the following:

  1. Watch 9 very short Bankruptcy Court videos.
  2. Fill out the financial form (do your best to answer all the questions).

Financial problems are stressful. Just because you fill out this information and we talk, there is absolutely no commitment to filing a bankruptcy.  In fact, bankruptcy may not be your best option.  I am happy to answer your questions, but this does not create an attorney-client relationship.  Until you hire my firm by signing a fee agreement, I am not your attorney.

I know this is a stressful time and don’t want to make gathering information difficult, but I really want to give you the best legal advice I can for you and your company.

This is like your doctor requiring blood test and x-rays in order to correctly diagnose a medical problem.  Probably not smart to shortcut the process!!

The links below are to nine very short videos for Bankruptcy basics about the bankruptcy process and players. We require that you (and your spouse) watch all the videos in order to clearly comprehend the process involved in filing bankruptcy, your duties in filing bankruptcy and dispel many myths about bankruptcy.

debt settlementThe general review of financial status form is intended to provide Diane with sufficient information to properly advise you as to whether or not bankruptcy would help with your company’s situation; and if so, which type of bankruptcy would be the most beneficial (I don’t do chapter 11, but will refer you to some great chapter 11 attorneys). This information will also assist in identifying specific areas of concern that could lead to difficulty in filing a bankruptcy at this time.

NOTE: If you use Internet Explorer you may see a small pop-up window at the bottom of your computer screen that reads “Secured content is displayed”, then a box “show all content” MAKE SURE TO MARK THAT BOX OTHERWISE YOU CANNOT SEE THE FORM.  This does not happen in Firefox or Chrome.

Please note, that sending us your information is not a commitment to filing for bankruptcy protection. This form allows us to determine the best course of action for your particular situation.  It is possible that I will suggest waiting before filing for bankruptcy or to take another route completely.

Any information you provide to our office is held in strictest confidence. If you decide not to file for bankruptcy, please notify us and we will shred your paperwork.

Once we receive your completed Financial Status Form Diane will call to schedule your free 30 to 60 minute telephonic bankruptcy

These discussions are always with Diane Drain and can be scheduled at your convenience.  If you have any questions or concerns regarding the form please contact us at 602.246.7106.

IMPORTANT: If you guaranteed any of the company debts:

If you are responsible for any of the company debts (co-signed a lease, credit card or other obligation) you will need to fill out the personal bankruptcy questionnaire (click here for that page).  This is helpful for our discussion because we need to discuss whether you or your business may need to file bankruptcy, or both.

Additional information you may want to know about business bankruptcy.

If Diane agreed to help you with a bankruptcy she will either send you two emails or suggest you contact her when you are ready:

(1) from her “What’s Next”,

(2) from MyCaseInfo where you will fill out information necessary for the bankruptcy process.

Diane L. Drain, bankruptcy attorney, retired law professor, mentor and community spokesperson.

Why choose our firm – because this firm never has been or will be a bankruptcy “mill” made of up inexperienced or indifferent lawyers.  YOU DESERVE BETTER!!

I practiced law since 1985 and find the most dangerous false impression is that bankruptcy is a “one size fits all”. The truth is exactly the opposite – it is extremely rare for one person’s financial and life circumstances to be the same as another. My goal is to customize legal advice to your unique history, needs and wants; all for a very reasonable price.

See the comments from our wonderful clients made about how we helped them find that fresh start.

First, our clients will tell you that my fees are very reasonable.

They all appreciate that our initial discussion is free.  At the end of the  initial discussion I will let you know if I can help and what my fees will be.

We all fear the cost of hiring any professional.  I realize that price is important, but what is more important is receiving competent advice. Otherwise, you will have a miserable experience and waste a lot of money trying to fix errors caused by improper advice or planning.  Remember “it costs more to fix a problem then it costs to do it right the first time“.  Hiring a cheap lawyer is very expensive.

I need to know more about your unique situation before we can give you an accurate cost for our help.

The information you provide will help me diagnose any problems and explain how best to fix those problems (some that you never realized would be problems).  It may be that bankruptcy is not an option, or may only be one of several options.  Like with good medical treatment, this type of diagnosis and planning takes time and experience.

See article “What is a Simple Bankruptcy?”

helping youTalk to more than one experienced lawyer. As you interview various law firms, look for a law firm with a good balance of pricing, experience and integrity.

See article How to Hire a Good Attorney.

Article: The Most Difficult Part of Bankruptcy Has Nothing to Do With Money.

Link to What’s Next: page 2

(for use only after telephone conference with Diane)