Arizona Bankruptcy & Foreclosure Blog

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Message from Diane L. Drain

In this blog I will examine financial concerns that affect us all (yes, even those who believe they are financially secure) and to offer a peek behind the ‘financial curtain’. The primary goal of our office is to give our clients what they value most – peace of mind. There are many ways to deal with financial problems, including bankruptcy; but for every good option there are hundreds of scams.

Arizona Bankruptcy & Foreclosure BlogDiane Drain2020-08-27T18:55:06-07:00
2908, 2021

Medical Debt Purchased by Debt Buyers for Pennies on the Dollar, but Sue For the Full Amount

By Diane Drain|August 29th, 2021|Collection companies & Debt buyers|Comments Off on Medical Debt Purchased by Debt Buyers for Pennies on the Dollar, but Sue For the Full Amount

Dirty Little Secret – medical bills are the highest they have ever been and debtor buyers are paying pennies on the dollar to purchase the debts, but then sue the borrower for the full amount of the debt. Article Yahoo!Finance, Adriana Belmone, June 21, 2021 [...]

2907, 2021

Tools to Help Renters and Landlords Access Federal Assistance

By Diane Drain|July 29th, 2021|Consumer Issues, COVID-19, Eviction|Comments Off on Tools to Help Renters and Landlords Access Federal Assistance

CFPB Releases Online Tool to Help Renters and Landlords Access Federal Assistance New resource helps renters and landlords find state and local programs distributing federal rental assistance funds WASHINGTON, D.C. — July 28, 2021: The Consumer Financial Protection Bureau (CFPB) released an online tool to [...]

1607, 2021

Update on Arizona Eviction Proceedings – July, 15, 2021

By Diane Drain|July 16th, 2021|Eviction, Trustee Sales|Comments Off on Update on Arizona Eviction Proceedings – July, 15, 2021

Arizona Residential Eviction Actions Procedures – effective July 15, 2021 IT IS ORDERED that the following procedures are applicable to eviction actions governed by Arizona Revised Statutes, Title 33, filed in the superior court or a justice court, and delayed by the moratoria, including the [...]

2105, 2021

Scott Michael Forrester Disbarred Arizona Bankruptcy Attorney – Effective 5/5/2021

By Diane Drain|May 21st, 2021|Attorneys|Comments Off on Scott Michael Forrester Disbarred Arizona Bankruptcy Attorney – Effective 5/5/2021

SCOTT MICHAEL FORRESTER, DISBARRED BY THE STATE BAR OF ARIZONA.  EFFECTIVE MAY 5, 2021. UPDATE – A SECOND DISBARMENT (AUGUUT 12, 2021) AND SUSPENSION (AUGUST 10, 2021) ENTERED BY THE STATE BAR. […]

1705, 2021

Student Advocates Team and others Falsely Promised Services – Now Banned

By Diane Drain|May 17th, 2021|scams, Student Loans|Comments Off on Student Advocates Team and others Falsely Promised Services – Now Banned

Operators of Student Loan Debt Relief Scheme Banned From Providing Debt Relief Services as Part of Settlement with FTC (Reprint from Federal Trade Commission, May 17, 2021) The operators of a student loan debt relief scheme are banned from providing debt relief services and have [...]

1705, 2021

Three Arizona Democrats decide that Creditors and Debt Buyers are More Important than Homeowners

By Diane Drain|May 17th, 2021|Consumer Issues|Comments Off on Three Arizona Democrats decide that Creditors and Debt Buyers are More Important than Homeowners

On January 1, 2022, HB2617 will become the law of Arizona.  Your home is no longer protected from your judgment creditors, which will have a devastating effect on Arizona’s consumers, and those hardest hit by Covid-19. This bill was promoted by Ben Toma, House Majority Leader, bought and paid [...]

1605, 2021

Summary of Foreclosure Alternatives – COVID-19 Hardships

By Diane Drain|May 16th, 2021|Deficiency, Foreclosure, Loan Modification|Comments Off on Summary of Foreclosure Alternatives – COVID-19 Hardships

There is so much mis-information about a forbearance of home mortgages during COVID-19.  Know your options before making a decision not to pay your mortgage. (4/1/21 UPDATE - see summary of foreclosure alternatives) This chart provides a summary of relief options available for borrowers facing a COVID-19 related hardships. [...]

1505, 2021

New Law Allows Creditors to Invade Arizona Homestead Protection

By Diane Drain|May 15th, 2021|Consumer Issues|Comments Off on New Law Allows Creditors to Invade Arizona Homestead Protection

On January 1, 2022, HB2617 will become the law of Arizona.  Your home is no longer protected from your judgment creditors, which will have a devastating effect on Arizona’s consumers, and those hardest hit by Covid-19. This bill was promoted by Ben Toma, House Majority Leader, bought and paid [...]

405, 2021

Tenants Can Hold Debt Collectors Accountable for Illegal Evictions

By Diane Drain|May 4th, 2021|Collection companies & Debt buyers, Consumer Issues|Comments Off on Tenants Can Hold Debt Collectors Accountable for Illegal Evictions

CFPB Rule Clarifies Tenants Can Hold Debt Collectors Accountable for Illegal Evictions Bureau Issues Interim Final Rule on Fair Debt Collection Practices Act (reprint April 19, 2021) The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule in support of the Centers for [...]

2504, 2021

Bankruptcy, Explained by John Oliver

By Diane Drain|April 25th, 2021|Bankruptcy, Chapter 7 Bankruptcy|Comments Off on Bankruptcy, Explained by John Oliver

There is so much mis-information about bankruptcy and how it works, or does not work.  Know your options before making any decision to file or not to file bankruptcy or participate in a "debt workout scheme". Below is a YouTube video presented by John Oliver, who does a fairly [...]

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