Arvizu ad agency files for bankruptcy

Hmmm... "restructure our debt" - well, I hope that the creatives who had invoices in there are going to get something. I understand bankruptcy, but it has such a giant trickle-down effect when most of the 'vendors' are small businesses.

Arvizu ad agency files for bankruptcy:
"The company's client roster has included McDonald's, Wells Fargo, Salt River Project and Bashas' Food City, and its campaigns have garnered local and national industry kudos.

'They have some top-flight accounts in the local market and the region,' said John Bord, president and chief marketing officer of Tubac-based marketing firm Guevavi, who has worked with Arvizu.

Ray Arvizu, who started Arvizu Advertising in 1991, said the company has been affected by lower spending among clients.

'I felt the best way for our company to move forward was to restructure our debt . . . get us prepared for future years,' he said, noting that the firm plans to continue operating as normal."