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.
The AGC office has been shuttered and its entire staff laid off.
With the filing, AGC will have its charter revoked by PIA/GATF. PIA New York State (PIA/NYS) will be awarded the former AGC territory, which includes—in addition to New York City—northern New Jersey, Long Island, Westchester and Rockland. Vicki Keenan has been hired by PIA/NYS to help ensure that member services continue uninterrupted, and the chapter may rename itself in order to reflect the larger scope of its coverage area.