AGC Files for Liquidation Bankruptcy

NEW YORK—The Association for Graphic Communications (AGC), which aided Big Apple printers in the days and months following September 11, 2001, but found its own survival impossible due to huge debt and high rent, filed for Chapter 7 liquidation bankruptcy today.

The AGC’s board and executive committee made the decision in early January to end the 140-year-old PIA affiliate, after attempts to negotiate some relief with creditors were rebuffed, the AGC said in a letter to association members. Growing, aged payables also factored into the association’s decision to file.