Bankruptcy & Gift Cards »

Gift Cards & Bankruptcy Update

Gift Cards & Bankruptcy Update

Kwame Kuadey on December 11th, 2008 0

Hi Folks, Below is a list of major retailer bankruptcies for 2008 and their impact on gift card holders. As you will find, almost all the retailers listed continued to honor gift cards during bankruptcy, with…

State-by-State Gift Card Laws

State-by-State Gift Card Laws

Kwame Kuadey on December 1st, 2008 2

It is that time of the year when you hear a lot about gift cards and how they make such a great gift. But this year, the news surrounding gift cards has focused on retailer bankruptcies…

Gift Card Bankruptcy Protection Policy by GiftCardRescue.com

Gift Card Bankruptcy Protection Policy by GiftCardRescue.com

Kwame Kuadey on November 29th, 2008 2

GiftCardRescue.com, a site for buying, selling and exchanging gift cards (and also publisher of this blog) has announced a bankruptcy protection policy that will cover gift cards purchased on the company’s website. GiftCardRescue.com will refund the remaining balance on a…

Tweeter to accept gift cards in bankruptcy till stores close

Tweeter to accept gift cards in bankruptcy till stores close

Kwame Kuadey on November 29th, 2008 0

As you are probably aware, Tweeter, the electronics retailer is going out of business and closing all stores by the end of the year. As I reported earlier in this piece, the company had announced it was only…

Steve & Barry's going out of business – Will honor existing gift cards

Steve & Barry's going out of business – Will honor existing gift cards

Kwame Kuadey on November 26th, 2008 1

Steve & Barry’s has thrown in the towel. The company will close all 173 of its remaining stores and liquidate about $250 million of merchandise. The company filed for Chapter 11 bankruptcy protection in July, 2008 hoping to…

E-mail warning of gift card problems is misleading

E-mail warning of gift card problems is misleading

Kwame Kuadey on November 22nd, 2008 1

This email is widely circulating warning consumers about buying gift cards from a number of retailers, including Ann Taylor, Macy’s and The Home Depot because these companies are on the verge of bankruptcy. The list is…

Gift Cards and Bankruptcy Update – 11/17/2008

Gift Cards and Bankruptcy Update – 11/17/2008

Kwame Kuadey on November 17th, 2008 3

Folks, I felt the need to provide a quick update on major retailers that have recently filed for bankruptcy and what that means for gift card holders. It is estimated that consumers will lose about $100…

Circuit City Files for Bankruptcy

Circuit City Files for Bankruptcy

Kwame Kuadey on November 11th, 2008 4

Folks, as predicted in my last posting regarding Circuit City, the company is filing for bankruptcy. I hope those of you who have a Circuit City gift card have used them. If you haven’t, your widow of…

Circuit City Going out of Business?

Circuit City Going out of Business?

Kwame Kuadey on October 22nd, 2008 3

Folks – For those of you who have been reading this blog all year, you are probably familiar with the stories I have posted about Circuit City and the constant rumors about whether they are going…

Linens and Things Going out of Business

Linens and Things Going out of Business

Kwame Kuadey on October 15th, 2008 20

Folks, the economic tsunami has taken down yet another retailer – Linens ‘n Things. As I reported in this piece back in April, Linens ‘n Things has been struggling under the weight of the economic downturn….

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