Portrait Corp. of America creditors committee adds Group G Capital following resignations

By Jennifer Lanning Drey

Portland, Ore., Dec. 12 - Portrait Corp. of America, Inc.'s U.S. Trustee appointed Group G Capital Partners of San Francisco to the company's official committee of unsecured creditors, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The appointment was made in response to the resignations of SAB Capital Management LP of New York and Whippoorwill Associates, Inc. of White Plains, NY.

In addition to Group G Capital Partners, the committee now includes James B. Roberts of AIG Global Investment Group of New York and James J. McGinley of Wilmington Trust FSB of New York.

Portrait Corp. of America, a Matthews, N.C.-based portrait studio operator, filed for bankruptcy on Aug. 31. Its Chapter 11 case number is 06-22541.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.