Comments on: Gift Card Alert: Circuit City filing for bankruptcy?

By: liv@ bankruptcy

liv@ bankruptcy — Sat, 27 Dec 2008 17:21:28 +0000

Can anyone tell me of a website that has really nice FREE christmas Ecards, because i keep finding sites that say ‘ 1 month free trial, but they ask for your credit card, and i dont want to do that.I have found some free sites, but they don’t have very nice cards.Please let me know of any good sites you know of, th

By: Sam

Sam — Sat, 06 Dec 2008 22:17:28 +0000

I contacted Circuit City because I have them linked on my gift card site http://www.giftzip.com . They said they are committed to honoring gift cards in bankruptcy. That is their promise, but who knows what it will look like if their treasury goes down to nothing and they have to prioritize their creditors.

By: circuit City Buyer GTAVCS

circuit City Buyer GTAVCS — Fri, 05 Dec 2008 08:28:02 +0000

I went there the other day to buy a ps2 game Grand theft Auto Vice City Stories but I doubt 20 bux is gonna help them any, also I saw this DVD gift card and I was thinking of getting it so see whats on it, is there a minimum amount you can put on those like maybe a dollar, I just want the DVD

By: LooKN4Sales

LooKN4Sales — Tue, 25 Nov 2008 01:01:40 +0000

Well if CC , Does go bankrupt..what happens to their inventory…will of the CC’s close or jus a few that really dont produce that much in the area as I live in Huntington,Wv their is a CC like 2 minutes of walking time between best buy and its self.. soo That might be a problem around here..and if they do go Bankrupt..does all the inventory get shipped to the consumers..or we talkn SALES?!?!?! I will continue to buy from CC cause if they go on sale hell ya im hittn it HARD with my Credit Card!

By: GiftCardBlogger™

GiftCardBlogger™ — Mon, 24 Nov 2008 02:15:24 +0000

B Musich, unfortunately, I have no idea about how warranties are treated under bankruptcy. Hopefully, someone reading this and has some insight will respond. Thanks!

By: B Musich

B Musich — Sun, 23 Nov 2008 21:32:07 +0000

I was wondering ……I have lots of 5 year warrinties on alot of electronics ….Am I screwed if they go out of business?????
Do u have any suggestions,info, or advice.
Thank so much
Have a good day

By: Insider

Insider — Fri, 21 Nov 2008 03:40:16 +0000

Its official, they are indeed going bankrupt. I have checked from inside sources, so do not buy anything expensive and no gift cards.

By: Daniel Durazo

Daniel Durazo — Sun, 16 Nov 2008 02:31:04 +0000

A word to the wise: I got stuck with worthless Toys.com (remember them?) gift cards when they went under. I used them as gifts and it was really embarassing.

Use those Circuit City gift cards now before it’s too late.

Daniel Durazo

By: Grant

Grant — Mon, 10 Nov 2008 15:03:59 +0000

Well, it looks like the anonymous guy #2 was wrong. Circuit City has indeed filed for Chapter 11 and according to the filing, Circuit City had $3.4 billion of assets and $2.32 billion of debt as of August 31, and more than 100,000 creditors. So, I don’t know where he got the-

“There not going bankrupt. In order to go bankrupt you have to be in debt and no money. They have very tiny tiny debt with tons of cash in their bank account. Look it up, they have $50 million in long term debt with $400-500 million in cash and $1.1 in liquid assets. Plus there opening 70+ stores this year. What kind of bankrupt company does that?”

-what a moron.

By: Angela

Angela — Mon, 10 Nov 2008 14:55:34 +0000

Ok, obviously they DID file bankruptcy. Now, I do know the protection plan system will either replace the item, or send you a gift card for the amount of the item. So if the replacement warranty sends you a gift card, how the heck are you supposed to use it if they’ve filed bankruptcy? Send the card back to the protection plan and say either mail me a check or mail me my item? How is this going to work?