Cash Gifting Images

cash gifting images
Gift Cards?

I just read that Sharper Image and other retailers are not honoring Gift cards because they are in financial trouble and some are even in Chapter 11 BK. The story is” That is typical of businesses that reorganize under Chapter 11 bankruptcy, which treats gift cards as a loan to the company, not as cash.”

Was’nt cash used to buy these gift cards????? If so, how can they deem it a loan or credit when they (Sharper Image)were already paid for the gift cards.

Yeah I just read that too.

That’s seriously terrible.

People give you a gift card instead of cash and now it’s like, too bad you can’t have anything now.

Frankly, if you ask me that should be considered fraud!