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.

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.