Y. David Scharf Authors Article on Fate of Gift Cards In Sears’ Bankruptcy
David examines the special circumstances involving already-purchased gift cards during bankruptcies and the confusion for consumers on the fate of their gift cards. Whether already-purchased Sears gift cards will still be honored is not clear. As Sears works out the financing that keeps stores open and mitigates their overall losses, they may not honor previously-issued gift cards.
Link to article: “Sears' Bankruptcy: The True Cost”