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  1. #1
    ultravikingfan's Avatar
    ultravikingfan is offline Administrator
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    This is complete BS

    [size=13pt]Bankruptcy makes gift cards worthless [/size]

    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.

  2. #2
    BadlandsVikings's Avatar
    BadlandsVikings is offline Jersey Retired
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    Re: This is complete BS

    I wish my Wal-Mart gift card would go bad

  3. #3
    singersp's Avatar
    singersp is offline PPO Newshound
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    Re: This is complete BS

    I better check to see if my gift card to "Chicks, Cheeks & Chains" is still valid.

    "If at first you don't succeed, parachuting is not for you"

  4. #4
    Zeus's Avatar
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    Re: This is complete BS

    "ultravikingfan" wrote:
    [size=13pt]Bankruptcy makes gift cards worthless [/size]

    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.
    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?
    You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.

    =Z=

    Thanks to Josdin for the awesome sig!

  5. #5
    ultravikingfan's Avatar
    ultravikingfan is offline Administrator
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    Re: This is complete BS

    "Zeus" wrote:
    "ultravikingfan" wrote:
    [size=13pt]Bankruptcy makes gift cards worthless [/size]

    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.
    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?
    You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.

    =Z=
    :

    That's BS too.


  6. #6
    Garland Greene's Avatar
    Garland Greene is offline Jersey Retired
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    Re: This is complete BS

    I know some gift cards loose value after so many months, but that would suck

  7. #7
    Zeus's Avatar
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    Re: This is complete BS

    "ultravikingfan" wrote:
    "Zeus" wrote:
    "ultravikingfan" wrote:
    [size=13pt]Bankruptcy makes gift cards worthless [/size]

    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.
    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?
    You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.

    =Z=
    :

    That's BS too.

    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?

    =Z=

    Thanks to Josdin for the awesome sig!

  8. #8
    aceclown is offline Coach
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    Re: This is complete BS

    "Zeus" wrote:
    "ultravikingfan" wrote:
    "Zeus" wrote:
    "ultravikingfan" wrote:
    [size=13pt]Bankruptcy makes gift cards worthless [/size]

    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.
    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?
    You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.

    =Z=
    :

    That's BS too.

    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?

    =Z=
    Loaning money to any enterprise is a risk.
    Are you suggesting that customers should assume that same risk?


    Chuch.

  9. #9
    Zeus's Avatar
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    Re: This is complete BS

    "aceclown" wrote:
    "Zeus" wrote:
    "ultravikingfan" wrote:
    "Zeus" wrote:
    "ultravikingfan" wrote:
    [size=13pt]Bankruptcy makes gift cards worthless [/size]

    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.
    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?
    You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.
    :

    That's BS too.

    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?

    =Z=
    Loaning money to any enterprise is a risk.
    Are you suggesting that customers should assume that same risk?
    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.

    =Z=

    Thanks to Josdin for the awesome sig!

  10. #10
    aceclown is offline Coach
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    948

    Re: This is complete BS

    "Zeus" wrote:
    "aceclown" wrote:
    "Zeus" wrote:
    "ultravikingfan" wrote:
    "Zeus" wrote:
    [quote author=ultravikingfan link=topic=42909.msg734249#msg734249 date=1204595225]
    [size=13pt]Bankruptcy makes gift cards worthless [/size]

    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.
    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?
    You line up wayyyy behind the banks and other creditors before your issue is addressed, if it ever is.
    :

    That's BS too.

    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?

    =Z=
    Loaning money to any enterprise is a risk.
    Are you suggesting that customers should assume that same risk?
    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.

    =Z=
    [/quote]

    Good point.
    But where does that leave the consumer?
    TCF as they say (the customer's fooked)


    Chuch.

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