CommonGround/MGS advised employees that they have no jobs and files for bankruptcy.

Miami based CommonGround/MGS has advised all of their employees yesterday that they no longer are employed at the agency and that the company has filed Chapter 7 bankruptcy with the intent to liquidate all assets.

MGSCommon Ground brought together Miami based MGSCOMM, New York based The Vidal Partnership and African-American agency CommonGround into one large multicultural agency with high hopes to challenge the new multicultural phenomena in marketing today.

After filing the story we received a call from the agency spokeswpman at CommonGround/MGS advising us that they have not filled for bankrutpcy, but did not deny the remainder of the story.

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