• I lost my business when I filed bankruptcy – why? There are very strict rules dictating how the process of bankruptcy works. The bankruptcy trustee must take specific actions in order to protect the bankruptcy [...]

  • As an Arizona attorney with more than 25 years experience in bankruptcy and foreclosure I see people making desperate economic decisions they later regret. I deal with this behavior by mumbling under my breath (and [...]

  • Published On: November 3, 2014

    Filed for bankruptcy? Need a new home? You may be eligible to finance a new home. Each lender or mortgage insurance company has rules governing financing after a bankruptcy. These rules change regularly so never [...]

  • Published On: September 30, 2014

    Are your Wages being garnished? The sooner you take action the better. Talk to an experienced bankruptcy attorney. The other day a caller said "I used a document preparer or bankruptcy petition preparer. Certainly they [...]

  • Predatory auto lenders have long preyed on low-income consumers falsifying the borrower’s income information without any regard to the borrower’s ability to pay the loan. The other day a caller said "I used a document [...]

  • The District Court ruled inherited IRAs are exempt because they retain their character as retirement funds, but the US Court of Appeals for the Seventh Circuit reversed that ruling. With this off the question went [...]

  • Creditors want Jacoby & Meyers forced into chapter 7 bankruptcy. According to the Wall Street Journal, May 21, 2014 - creditors of Jacoby & Meyers bankruptcy firm are very unhappy because the dissolved firm is [...]

  • The Bankruptcy Reform Act of 2005 reported to be a "Dismal failure". The bankruptcy law, approved by Congress in 2005 after years of debate, makes it much harder for households to get out from under [...]

  • Arizona Representative Michelle Ugenti, introduced bill which challenges the rights of a disabled person to protect their vehicle. The other day a caller said "I used a document preparer or bankruptcy petition preparer. Certainly they [...]

  • Published On: November 14, 2013

    When filing a bankruptcy it is very important that a consumer understand the dictates of the "means test". The means test numbers change twice a year. Each consumer filing for bankruptcy must fill out a [...]

  • I wish all attorneys treated their clients the way that Ms. Drain and Jay treated me

    "I wish all attorneys treated their clients the way that Ms. Drain and Jay treated me." Anonymous I asked Ms. Drain to help me with a bankruptcy. When I first called I was scared, afraid to answer my phone and worried that my wages were about to be [...]

  • I was in financial turmoil for various reasons and was running scared

    "I was in financial turmoil for various reasons and was running scared" G.S. Five years ago, I was in financial term oil for various reasons and was running scared. I did not know what to do or how how was going to get out of the mess [...]

  • Rate Ms. Drain’s services: 5.0 out of 5.0

    "Rate Ms. Drain’s services: 5.0 out of 5.0" Anonymous When I was looking for a bankruptcy attorney, the U.S. Courts’ website had some Phoenix attorney’s listed. I visited one in person and the then read Ms. Drain’s site. The in-person attorney gave me a 2 inch stack of papers [...]