MarchFirst Files for Chapter 11

Share this content:
MarchFirst Inc., one of the leading interactive agencies and online consultancies, has filed for bankruptcy.


The Chicago firm filed for Chapter 11 protection in federal bankruptcy court in Delaware. The measure allows the company to pay creditors even as its stakeholders retain control.


"The company also filed a Chapter 11 plan that essentially provides for distribution of any cash proceeds received by the company to creditors and, if creditors have been fully paid, to holders of the company's preferred stock and then holders of its common stock," a marchFirst statement said. "However, at this time, it is unlikely that any proceeds will remain for distribution to holders of the company's common stock."


While the U.S. subsidiaries and affiliates are part of the filing, marchFirst's European interests were not included.


MarchFirst recently changed senior management to keep the formerly high-flying firm afloat. It also cut staff and sold assets.


The agency said it would not file a 10-K form with the Securities and Exchange Commission for fiscal 2000. It expects its stock to be delisted from the Nasdaq.


Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences and drive measurable results. PAN services clients out of the firm's four offices: Boston, San Francisco, New York City and Orlando.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above