Raleigh Agency Goes Chapter 11

February 3, 2009 By

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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Filed Under: Agencies
About Dan Goldgeier

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. Dan is also a columnist for TalentZoo.com and the author of View From The Cheap Seats and Killer Executions and Scrubbed Decks.