Saturday, February 12, 2011

Do You Have a Borders Gift Card?

If you do, you had better use it this weekend.

Borders apparently is filing for Chapter 11 bankruptcy next week.

Filing a Chapter 11 bankruptcy would mean that the chain intends to carry on, albeit in a smaller size. But Chapter 11 bankruptcies sometimes get converted into Chapter 7 and the whole shooting match is liquidated (Circuit City, Linens `N Things). If you have an unredeemed gift card at that point, you're just another unsecured creditor and you'll get bupkis.

If you have a Borders gift card, drag your ass to the store today or tomorrow.

(H/T)

No comments:

Post a Comment

House Rules #1, #2 and #6 apply to all comments. Rule #3 also applies to political comments.

In short, don't be a jackass. THIS MEANS YOU!
If you never see your comments posted, see Rule #7.

All comments must be on point and address either the points raised in the blog post or points raised by commenters in response.
Any comments that drift off onto other topics are subject to deletion.

(Please don't feed the trolls.)

中國詞不評論,冒抹除的風險。僅英語。

COMMENT MODERATION IS IN EFFECT UFN. This means that if you are an insulting dick, nobody will ever see it.