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[size=13pt]Bankruptcy makes gift cards worthless [/size]
Quote:
NEW YORK - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
As more retailers file for bankruptcy or go out of business, more than $75 million in gift cards are at risk of becoming worthless pieces of plastic this year.
I wish my Wal-Mart gift card would go bad
I better check to see if my gift card to "Chicks, Cheeks & Chains" is still valid.
"ultravikingfan" wrote:
How is it any different than, say, if you bought something from a shop but the shop went out-of-business before it was delivered?Quote:
[size=13pt]Bankruptcy makes gift cards worthless [/size]
Quote:
NEW YORK - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
As more retailers file for bankruptcy or go out of business, more than $75 million in gift cards are at risk of becoming worthless pieces of plastic this year.
You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.
=Z=
"Zeus" wrote:
::)Quote:
"ultravikingfan" wrote:
How is it any different than, say, if you bought something from a shop but the shop went out-of-business before it was delivered?Quote:
[size=13pt]Bankruptcy makes gift cards worthless [/size]
Quote:
NEW YORK - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
As more retailers file for bankruptcy or go out of business, more than $75 million in gift cards are at risk of becoming worthless pieces of plastic this year.
You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.
=Z=
That's BS too.
I know some gift cards loose value after so many months, but that would suck
"ultravikingfan" wrote:
You honestly think that you, as someone who purchased something from a retailer, should be entitled to get money back before the people who loaned the company the money in the first place that allowed them to open?Quote:
"Zeus" wrote:
::)Quote:
"ultravikingfan" wrote:
How is it any different than, say, if you bought something from a shop but the shop went out-of-business before it was delivered?Quote:
[size=13pt]Bankruptcy makes gift cards worthless [/size]
Quote:
NEW YORK - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
As more retailers file for bankruptcy or go out of business, more than $75 million in gift cards are at risk of becoming worthless pieces of plastic this year.
You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.
=Z=
That's BS too.
=Z=
"Zeus" wrote:
Loaning money to any enterprise is a risk.Quote:
"ultravikingfan" wrote:
You honestly think that you, as someone who purchased something from a retailer, should be entitled to get money back before the people who loaned the company the money in the first place that allowed them to open?Quote:
"Zeus" wrote:
::)Quote:
"ultravikingfan" wrote:
How is it any different than, say, if you bought something from a shop but the shop went out-of-business before it was delivered?Quote:
[size=13pt]Bankruptcy makes gift cards worthless [/size]
Quote:
NEW YORK - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
As more retailers file for bankruptcy or go out of business, more than $75 million in gift cards are at risk of becoming worthless pieces of plastic this year.
You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.
=Z=
That's BS too.
=Z=
Are you suggesting that customers should assume that same risk?
"aceclown" wrote:
I'm suggesting that the current system, where certain types of creditors are lined up ahead of consumers for restitution in bankruptcies is essential to encouraging investment into business.Quote:
"Zeus" wrote:
Loaning money to any enterprise is a risk.Quote:
"ultravikingfan" wrote:
You honestly think that you, as someone who purchased something from a retailer, should be entitled to get money back before the people who loaned the company the money in the first place that allowed them to open?Quote:
"Zeus" wrote:
::)Quote:
"ultravikingfan" wrote:
How is it any different than, say, if you bought something from a shop but the shop went out-of-business before it was delivered?Quote:
[size=13pt]Bankruptcy makes gift cards worthless [/size]
Quote:
NEW YORK - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
As more retailers file for bankruptcy or go out of business, more than $75 million in gift cards are at risk of becoming worthless pieces of plastic this year.
You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.
That's BS too.
=Z=
Are you suggesting that customers should assume that same risk?
=Z=
"Zeus" wrote:
I'm suggesting that the current system, where certain types of creditors are lined up ahead of consumers for restitution in bankruptcies is essential to encouraging investment into business.Quote:
"aceclown" wrote:
Loaning money to any enterprise is a risk.Quote:
"Zeus" wrote:
You honestly think that you, as someone who purchased something from a retailer, should be entitled to get money back before the people who loaned the company the money in the first place that allowed them to open?Quote:
"ultravikingfan" wrote:
::)Quote:
"Zeus" wrote:
How is it any different than, say, if you bought something from a shop but the shop went out-of-business before it was delivered?Quote:
[quote author=ultravikingfan link=topic=42909.msg734249#msg734249 date=1204595225]
[size=13pt]Bankruptcy makes gift cards worthless [/size]
Quote:
NEW YORK - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
As more retailers file for bankruptcy or go out of business, more than $75 million in gift cards are at risk of becoming worthless pieces of plastic this year.
You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.
That's BS too.
=Z=
Are you suggesting that customers should assume that same risk?
=Z=
[/quote]
Good point.
But where does that leave the consumer?
TCF as they say (the customer's fooked)