Debtstoppers, a national consumer bankruptcy firm whose jingles became ubiquitous in markets from Chicago to Atlanta, filed for Chapter 11 bankruptcy protection in Delaware late last month.

In a statement to the American Lawyer, managing partner Patrick Semrad said government intervention during the pandemic prompted a downturn in bankruptcy filings. Unable to downsize its real estate footprint to match a shrinking head count, the firm is using bankruptcy to restructure lease obligations.

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