Take a minute for a little sad, but true consumer
credit humor:
This firm is dedicated to
a client-centered approach of the practice of bankruptcy and trustee's
sale law. We represent both individuals and small companies
in bankruptcy - both creditors and debtors. Our mission is to
explain the intricacies of law in plain, understandable English. We
will never tell you what we think you want to hear, only what the
realities are of your situation. Nor, do we look for reasons why we
can't do something. Instead, we try to find
appropriate
ways to help. Our interpretation of the law is conservative.
Therefore, our clients are usually prepared for most situations.
Most importantly, we try to help you plan for the future, not just
address your current legal issues.
As was said on the welcome page - Ms.
Drain's
greatest rewards
come from helping individuals who are experiencing financial
difficulties. This firm is selective as to the clients we
represent. Our primary goal is to provide the best quality
services for the more reasonable price. To accomplish this goal
our clients must be actively involved in their case; be
willing to learn, be responsible for gathering information (at our
direction) and be willing to listen to and follow our advice.
Since 1985
Ms. Drain has appeared regularly before the United States Bankruptcy Court.
She is a strong and
practical advocate for her clients and well respected in the legal
community. She has an AV rating from Martindale-Hubbell -
"exemplary reputation and well-established practice". Ms. Drain is
a member of the Board of Governor's for the State Bar of Arizona.
As such she has a responsibility to both the practicing lawyers and the
citizens of our State.
Your satisfaction is our goal. Legal
proceedings are difficult enough, so we do our best to help you
understand the process and keep you informed as to the status of your
case.
Click here for more
information about Ms. Drain.
Bankruptcy laws were formulated to
give the "honest" debtor a "fresh" start. Bankruptcy is not
intended to give debtors an unfair advantage over their
creditors. This requirement comes from the
United States Bankruptcy Code, Title 11 of the
United States Code, and it is not intended to protect the
debtor who has acted in bad faith in an attempt to defraud
creditors.
The United States Bankruptcy Code
is divided into Chapters:
Chapter 7 bankruptcy is referred to as a
liquidation. A Chapter 7 debtor is an individual or entity
whose expenses exceed its income.
Chapter 11,
commonly referred to as a "business reorganization", is
commenced by the filing of a voluntary petition by the debtor,
or the filing of an involuntary petition by creditors.
Chapter 12,
a reorganization for family farmers and fisherman.
Chapter 13, commonly
known as "individual debt adjustment", "individual debt
consolidation", or "repayment plan". A Chapter 13 bankruptcy
can be filed only by individuals. A typical case generally
involves people who have fallen behind in their mortgage
payments, delinquent with their priority taxes, or have debts
that are generally non-dischargeable in a Chapter 7 (student
loans, child support arrears, and others). Filing a Chapter 13
plan of reorganization requires that the
individual has a source of income. Such income must exceed the
individual's
household expenses. In essence, the individual
has disposable income to be able to fund the plan of
reorganization.
Chapter 15 Cross Border Bankruptcy This
chapter is new under the 2005 Reform Act.
"When I was a young woman we had
a government that declared war on poverty. Today we have a
government that has declared war on the poor. "
(author unknown, contributed by
The 2005 Bankruptcy Reform Act is that declaration of war. I am proud to say that our
office is in the business to help relieve people from the
misfortunate of too much debt and to protect them from the
outrageous actions of some heartless creditors and collection
companies who refuse to honor the Fair Debt Collections
laws. We do this by helping
our clients file for bankruptcy
relief under the Bankruptcy Code.
