Gift cards and store closings in 2008

An email is circulating advising people to be careful when buying gifts cards because many stores are closing.

“Stores that are planning to close after
Christmas are still selling the (gift) cards through the holidays even though
the cards will be worthless January 1. There is no law preventing them
from doing this. On the contrary, it is referred to as ‘Bankrupcy
Planning)”

I always check announcements of this type out through a little web investigation. Here’s today’s crop of research. read more