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Market Basket Turmoil Pushes New Hampshire Staffing Firm Into Bankruptcy

New Hampshire Business Review (08/11/14) Bob Sanders

New Hampshire-based American Resource Staffing Network Inc. and the associated American Resource Network filed for Chapter 11 bankruptcy protection last month due in part to the firing of Market Basket chief executive officer Arthur T. Demoulas and the subsequent employee and management revolt. ARSN had provided staff for suppliers of the supermarket chain. ARSN, which has a payroll of more than 1,000, has at least $10 million in debt and filed an emergency motion to pay its employees. The company has been in trouble for a while because of rising state and federal employment tax obligations and an inability to become current on past-due obligations.