This is complete BS

**ultravikingfan** · 03-03-2008, 07:47 PM

[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.

**BadlandsVikings** · 03-03-2008, 07:48 PM

I wish my Wal-Mart gift card would go bad

**singersp** · 03-03-2008, 09:46 PM

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

**Zeus** · 03-03-2008, 10:01 PM

"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=

**ultravikingfan** · 03-03-2008, 10:17 PM

"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.

**Garland Greene** · 03-03-2008, 10:22 PM

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

**Zeus** · 03-03-2008, 10:24 PM

"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=

**aceclown** · 03-03-2008, 10:30 PM

"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?

**Zeus** · 03-03-2008, 10:46 PM

"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=

**aceclown** · 03-03-2008, 10:50 PM

"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)