“Look at kids and ask, ‘What is the money for?’” said Robert J. Semrad in Chicago, the senior partner at DebtStoppers, a bankruptcy law firm. “Is this a solution to the problem or just a Band-Aid? Many times money given as a Band-Aid merely delays the inevitable.”
"When buying a house with cash, there are no mortgage origination fees, appraisal fees or other fees charged by lenders to assess buyers,” says Robert Semrad, JD, senior partner and founder of DebtStoppers Bankruptcy Law Firm.
"Reorganize" is a vague term. Specifically, Chapter 11 allows the debtor to create a plan to pay his debts and how much of them he's able to pay, and then present it to his creditors for approval, explains Robert J. Semrad, senior partner at DebtStoppers Law Firm.
Robert Semrad, a renowned attorney who owns a popular law firm in Chicago known as DebtStoppers, is dedicated to the philanthropical efforts of his foundation called The Robert J. Semrad Foundation. The main focus is giving back to the African American community in Chicago.