AGC territory

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

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, has filed for Chapter 7 liquidation bankruptcy, the AGC announced in a letter to association members. The AGC’s board and executive committee made the decision in early January to shut down the 140-year-old PIA affiliate, after attempts to negotiate some relief with creditors were rebuffed. Growing, aged payables also factored into the association’s decision to file. “There were a lot of long nights spent discussing how to work things out,” noted Joseph