Articles from Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney

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Three Arizona Democrats decide that Creditors and Debt Buyers are More Important than Homeowners

Submitted by Anonymous (not verified) on Mon, 05/17/2021 - 14:49

On January 1, 2022, HB2617 will become the law of Arizona. Your home is no longer protected from your judgment creditors, which will have a devastating effect on Arizona’s consumers, and those hardest hit by Covid-19.

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Summary of Foreclosure Alternatives – COVID-19 Hardships

Submitted by Anonymous (not verified) on Sun, 05/16/2021 - 21:25

There is so much mis-information about a forbearance of home mortgages during COVID-19. Know your options before making a decision not to pay your mortgage.

(4/1/21 UPDATE – see summary of foreclosure alternatives)

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New Law Allows Creditors to Invade Arizona Homestead Protection

Submitted by Anonymous (not verified) on Sun, 05/16/2021 - 05:24

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Tenants Can Hold Debt Collectors Accountable for Illegal Evictions

Submitted by Anonymous (not verified) on Wed, 05/05/2021 - 03:44

CFPB Rule Clarifies Tenants Can Hold Debt Collectors Accountable for Illegal Evictions

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Bankruptcy, Explained by John Oliver

Submitted by Anonymous (not verified) on Mon, 04/26/2021 - 01:06

There is so much mis-information about bankruptcy and how it works, or does not work. Know your options before making any decision to file or not to file bankruptcy or participate in a “debt workout scheme”.

Below is a YouTube video presented by John Oliver, who does a fairly decent job describing the challenges with filing bankruptcy, including the history of our current bankruptcy laws.
Please excuse the occasional foul language or crude comments. The substance is worth the viewing.

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HB2617 is a Trojan Horse – Will Take Away Decades of Protection for Arizona Homeowners

Submitted by Anonymous (not verified) on Tue, 04/20/2021 - 22:03

Arizona Bill wants Judgment Creditor to get paid before homeowners when house is refinanced (something Arizona law has not allowed since mid 1950s).
Concerns about Arizona HB 2617, especially with the amendments: will allow old and new judgments to attached to homesteads.