The Law Office of D.L. Drain, P.A Blog
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Arizona Bankruptcy and Foreclosure blog is managed and owned by Diane L. Drain. They are a top Phoenix bankruptcy attorney and understands how stressful it can be to feel as if you are drowning in debt, which is why she has dedicated herself to assisting individuals and businesses in starting over through bankruptcy. They will help you understand that your primary goal is to gather information..
The Law Office of D.L. Drain, P.A Blog
3M ago
From the National Consumer Law Center "NCLC" a toolkit to deal with your student loans, 5/2024 Whether you are just starting your student loan journey or have been dealing with student loan debt for decades, you can use NCLC’s newly created Student Loan Toolkit to help you take charge of your student loan situation and ..read more
The Law Office of D.L. Drain, P.A Blog
3M ago
The Consumer Financial Protection Bureau (CFPB) released a report delving into the hidden costs consumers are forced to pay for health savings accounts. May 1, 2024 The following is a reprint from CFPB's website (provided for educational purposes only) The Consumer Financial Protection Bureau (CFPB) today released a report detailing the complex costs and fees that ..read more
The Law Office of D.L. Drain, P.A Blog
3M ago
What are the Basic Bankruptcy Principles? Bankruptcy is a legal process that helps people and businesses overwhelmed by debt get a financial ‘start fresh’. The principles of discharge, disclosure, and due process are key to understanding how bankruptcy works. Key Concepts of Bankruptcy Law Definition Understanding the foundational concepts of Bankruptcy Law can help you ..read more
The Law Office of D.L. Drain, P.A Blog
3M ago
Introduction: Zombie mortgages, particularly "zombie second mortgages," are a troubling phenomenon where old, seemingly resolved mortgage debts resurface, catching homeowners off guard. These debts, thought to be forgiven or satisfied, are often sold to debt collectors, who seek to collect on them years later. What Are Zombie Second Mortgages? Before the 2008 financial crisis, it ..read more
The Law Office of D.L. Drain, P.A Blog
7M ago
After 100 Years of Protecting Homeowners, Arizona's Law Changes to Give Creditors New Rights to Take Your Home Depending on the value of your home, creditors can now take it if they get a judgment. Introduction: Arizona homeowners, there's a new law in town, and it's got some folks worried ..read more
The Law Office of D.L. Drain, P.A Blog
7M ago
Into the Shadows: Unraveling the Dark World of Fraud, Schemes, and Scams The Sneaky World of Fraud and Scams: How They Work and Why You Should Be Careful Fraud and scams are like tricky puzzles designed to trick people out of their money or personal information. They come in many ..read more
The Law Office of D.L. Drain, P.A Blog
7M ago
Understanding Why Some Bankruptcy Cases Get Dismissed or Discharge Revoked for Bad Faith Bankruptcy is meant to offer individuals and businesses a chance at a fresh start by alleviating financial burdens. However, the concept of bad faith dismissal or revocation of discharge introduces a layer of complexity, questioning the sincerity of those ..read more
The Law Office of D.L. Drain, P.A Blog
7M ago
All Attorneys Must Return Client Calls, Even Flat-Fee Attorneys In a recent bankruptcy case, In re: Dennis Molnar, 19-bk-09525, 2024 WL 190919 (Jan. 17, 2024 N.D, Ill.), a court highlighted a crucial lesson: lawyers must keep the lines of communication open with their clients. When lawyers neglect this duty, it can ..read more
The Law Office of D.L. Drain, P.A Blog
7M ago
The Arizona Supreme Court decided those living in motorized homes (such as motor homes and RVs) cannot protect their homes. The Arizona Supreme Court's decision In re Drummond, 23-0009 (Sup. Ct. Arizona, 3/7/24) bans motor home and RV owners from using the homestead law (ARS 33-1101) to protect their home (laws that have been ..read more
The Law Office of D.L. Drain, P.A Blog
7M ago
In today's consumer landscape, credit cards are the normal tools for managing finances and making purchases. However, having credit card debt can lead to financial stress and vulnerability to predatory schemes. Recognizing the importance of prudent financial management, the Federal Trade Commission (FTC) has issued a consumer alert highlighting strategies to avoid debt relief ..read more