Patrick Semrad

Position: CEO
Experience: 18 years


Patrick Semrad is the Managing Partner of The Semrad Law Firm, which does business as DebtStoppers, the largest consumer law firm in the United States. Patrick concentrates on providing access to affordable legal representation to bankruptcy clients regardless of their income. Since 2004, the firm has grown from four attorneys in Chicago to over 85 attorneys in five states with offices in Europe as well. Practicing consumer bankruptcy law is a privilege for Patrick. He knows of no other area of law that empowers an attorney to make such an immediate positive impact on his client’s life. It has been Patrick’s mission to foster a team of attorneys and staff who are as passionate about helping individuals and families that are facing financial hardship. In this, Patrick views his position as Managing Partner to be a support role dedicated to providing resources and professional development to every employee at DebtStoppers. In addition to his law practice, Patrick is the co-founder of Talkt, a cloud-based communications, and back-end automation platform, as well as several other small businesses. Patrick periodically volunteers legal services through the North Suburban Legal Aid Clinic and the Together for Childhood Network in Lake County. He advises The Balance Project, a local not-for-profit founded by his wife, Agi, which supports mental health throughout the community. Patrick is an active member of the Windy City Chapter of YPO. Patrick is a member of the Illinois Bar, Florida Bar, and General Bar for the U.S. District Court for the Northern District of Illinois. Mr. Semrad graduated magna cum laude from DePaul College of Law, where he was a member of the DePaul Law Review. He also received his Bachelor’s degree in Finance from DePaul. Outside of his professional activities, Patrick enjoys woodworking, sailing, and playing terrible paddle at The Birchwood Club. He is also a member of the Union League Club of Chicago. He has lived in Highland Park for twelve years with his wife, Agi, and their two daughters, Espi and Isa.