25 Years Experience

Over 25 Years Experience

Learn More [+]

Avvo Badge

Martindale-Hubbell AV-Rated Attorney

View Rating [+]

Contact Diane L. Drain

Work with Phoenix’s Top Rated Attorney

Contact Diane [+]

WELCOME TO

LAW OFFICE OF D. L. DRAIN, P.A.

Arizona’s Top Rated Bankruptcy & Trustee Sale Attorney

You may wonder why I decided to concentrate on bankruptcy as my primary area of practice.  It’s simple – this is the only area of law that reminds me of why I went to law school.  I want to help others in their time of need.  As a law professor I share with my students how bankruptcy laws resemble magic.  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 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.

Schedule Bankruptcy Consultation

Bankruptcy

Bankruptcy

We are dedicated to helping Arizona residents and 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 resources in protecting their property.

Trustee Sales & Foreclosure

Foreclosure

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.

  • QUESTIONS?

    ASK DIANE FOR HELP!

    Please use the form below to contact Diane's Office for help with Bankruptcy, Foreclosure or Trustee Sales.

  • This field is for validation purposes and should be left unchanged.

Client Testimonials

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!!
R- Bankruptcy Client
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- Bankruptcy Client
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- Bankruptcy Client
About

Meet Diane L. Drain

Diane-Office-4Diane 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 also an adjunct professor at the Phoenix School of Law teaching bankruptcy and law office management. Since 1988 she has taught bankruptcy and foreclosure at the Arizona School of Real Estate.  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.


Trustee Sales

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.

Recent Posts

What Rights Do Tenants Have After a Foreclosure? Protection Expiring Unless Congress Acts.

Protecting Tenants At Foreclosure Act Expires December 31, 2014 Prior to the passage of the Tenant Protection Act in 2009, ...
Read More »

The Seamy World of Debt Collecting

American Bankruptcy Institute “ABI” Resident Scholar Prof. Lois Lupica interviews Jake Halpern, author of the hot new book Bad Paper: ...
Read More »

Should Your House Be Used Like a Credit Card?

In a New York Times Op-Ed article by Bethany McLean she poses the question “should the homeowner use their home ...
Read More »

What is a Zombie Debt and Why Are Banks Subverting Bankruptcy Protection?

The New York Times ran an article Debts Cancelled by Bankruptcy Still Mar Consumer Credit Scores.   These so called “zombie ...
Read More »

Diane Receives Lifetime Achievement Award

Chief Judge Daniel Collins, of the Arizona Bankruptcy Court, presented Diane with a Lifetime Achievement Pro Bono Award, sponsored by ...
Read More »
css.php