Raleigh Agency Goes Chapter 11

I have to admit, I’ve never heard of an ad agency filing for bankruptcy but continuing to stay in business. That’s what Raleigh agency RBW is doing:

The agency, which shortened its name from Rockett, Burkhead & Winslow last year, now has 22 workers and is continuing to operate as it reorganizes under Chapter 11 bankruptcy protection.
In a filing Friday, the agency listed assets of $1.58 million and liabilities of $7.27 million. The company owes money to media outlets such as Forbes, Fortune, USA Today and Fox News.

Keep fighting, guys. Most agencies are content to just close up shop.

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About Dan Goldgeier

Blogging on AdPulp since 2005, Dan Goldgeier is a Seattle-based freelance copywriter with experience at advertising agencies across the U.S. He is a graduate of the Creative Circus ad school, and currently teaches at Seattle's School of Visual Concepts. In addition, he is a regular columnist for TalentZoo.com. Dan published the best of his TalentZoo.com columns in a book entitled View From The Cheap Seats: A Broader Look at Advertising, Marketing, Branding, Global Politics, Office Politics, Sexual Politics, and Getting Drunk During a Job Interview. Look for it on Amazon in paperback and e-book editions.