Business Details
35 Years
experience
Emergency
services
Arizona Bankruptcy Legal Solutions
Founded in 1991, our law office has dedicated decades to helping individuals and businesses navigate complex legal financial challenges. As a Phoenix-based bankruptcy attorney with extensive experience, we prioritize client education and personalized solutions to restore financial stability. Our approach emphasizes meticulous planning and compassionate guidance to protect assets and ensure compliance with evolving legal standards.We serve clients across Arizona with transparent communication and a commitment to ethical practice, offering free consultations to empower informed decisions about debt relief and financial futures.
Services
Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Small Business Bankruptcy
Foreclosure Defense
Arizona Exemptions
Debt Restructuring
Details
- Year established: 1991
Highlights and features
- We offer over 30 years of specialized bankruptcy experience since 1991
- Our team provides personalized debt analysis with educational resources
- We guarantee thorough asset protection planning in all filings
- Available 24/7 for urgent client consultations
- Committed to transparent pricing with free initial evaluations
What people say
Exceptional legal expertise
Compassionate personalized service
Thorough asset protection
24/7 availability
Transparent communication
Services
Chapter 7 Bankruptcy
Chapter 7 bankruptcy provides debt relief through asset liquidation for qualifying individuals. Our experienced attorneys guide clients through the entire process from documentation to discharge. We specialize in identifying exempt assets to protect personal property while eliminating unsecured debts like credit card balances and medical bills. Clients benefit from our proven system ensuring compliance with Arizona bankruptcy laws.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy establishes structured repayment plans for debtors with regular income. Our firm develops customized payment schedules that satisfy creditors while maintaining essential assets. We provide comprehensive guidance on eligibility requirements and help clients navigate the 3-5 year repayment process with confidence through detailed financial planning and court representation.
Foreclosure Defense
Our foreclosure defense services protect Arizona homeowners facing property loss. We implement legal strategies to halt foreclosure proceedings through bankruptcy filings or loan modification negotiations. Our team specializes in Arizona-specific anti-deficiency laws and provides proactive solutions for mortgage arrears, offering clients peace of mind during financial hardship.
People
Diane L. Drain
Managing Attorney
Arizona bankruptcy attorney with over 30 years experience since 1991, former law professor, and recipient of multiple service awards. Specializes in consumer bankruptcy and financial restructuring, combining legal expertise with compassionate client education. Recognized by legal peers for exceptional client advocacy and community service contributions.
Jay
Legal Assistant
Experienced legal assistant with 25+ years supporting bankruptcy clients through complex documentation processes. Known for exceptional client communication and meticulous attention to detail in case preparation. Maintains certification in bankruptcy procedures through annual legal education programs.
Questions
What are the key differences between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7 liquidates non-exempt assets to pay debts, while Chapter 13 creates repayment plans. Our attorneys assess income, debt types, and financial goals to determine the optimal solution for Arizona residents.
How does bankruptcy affect credit scores and future lending?
While bankruptcies impact credit scores initially, our clients typically rebuild credit within 2-3 years through strategic financial management. We provide post-bankruptcy credit rebuilding guidance and documentation for future mortgage applications.
Can I keep my home during bankruptcy proceedings?
Arizona exemptions protect primary residences meeting equity requirements. Our team implements specific legal strategies to protect equity through proper exemption planning and Chapter 13 repayment schedules when appropriate.
What documents are required for bankruptcy filing?
Clients need recent tax returns, asset documentation, debt statements, and income verification. We provide detailed checklists and personal guidance through the document collection process for complete case preparation.
Videos
Reviews (7)
Jerad M.
Jan 28, 2022
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Before bankruptcy your sense of security feels compromised and is actually in a very fragile state. Often times people relate finances to personal uniqueness. Before bankruptcy this is broken. Through bankruptcy Diane helped me navigate through these dark and difficult times. As a result, I had been restored to a confident and mended person again. Thank you Diane!!!
Gary Stickell
Jan 18, 2022
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Positive:Professionalism
I have known and worked with Diane for many years in the consumer bankruptcy arena. She is dedicated to her clients, continued education to her peers and serves an example what a consumer bankruptcy debtor's attorney should be.
I have known and worked with Diane for many years in the consumer bankruptcy arena. She is dedicated to her clients, continued education to her peers and serves an example what a consumer bankruptcy debtor's attorney should be.
Barbara Smith
Jan 17, 2022
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The decision to declare bankruptcy is difficult. The journey through a 5-year Chapter 13 is more difficult. What was NOT difficult was the invaluable expertise, recommendations, and advice throughout that we received from Diane and her office. Don't get caught up in the morass of law offices that claim to care but leave you to clean up your own mess. Go directly to Diane.
Jim Arizona
Jan 11, 2022
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Please avoid this lawyer, her approach to the law seems to be more about herself and not about the client. I had a miserable experience with Drain, and just felt like her facade is so obvious. Also, anytime she gets a bad review there seems to be a positive review the follows almost immediately afterwards, pretty clear that these good reviews are not legitimate.
Ron Buchanan
Jan 09, 2022
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Disability and subsequent early retirement caused a growing realization of the need to pursue bankruptcy. I started the process of selecting an attorney with fear and trepidation. I contacted several lawyers and was left feeling they were indifferent to my situation and just wanted to take my money and move on to the next client expeditiously. I found the Law Office of D.L. Drain to be caring professionals providing exemplary representation to resolve my legal quandary.
Harold Campbell
Dec 19, 2021
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I am a certified bankruptcy specialist with 43 years of experience in the field. This means I have known Diane for over 3 decades. In dealing with her in this professional capacity I have often referred clients to her and have found her work to be of the highest quality. This is because she genuinely cares about her clients, something you don't always see in the legal profession these days. She also assisted me some years back when I ran into the problem of "Google professional reviewers" (reviewers that apparently get points or compensation for the volume of reviews that they leave) that I had
Peter K.
Dec 12, 2021
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I have just received my discharge from the court. It's been a long journey and I can't emphasize how instrumental a role that Diane and Jay played in helping me navigate this journey. In the beginning Diane lets you know that it's a partnership. As a client, you just don't dump all your records on her desk and say help me and then walk away. There's a lot of work in preparing your records so Diane can file your case. I interviewed a few other lawyers in the beginning all with good AVVO reviews. I'm 100% convinced I made the right decision in choosing Diane.
