This a mixture of accurate, inaccurate, and outdated
information.
See:
http://www.snopes.com/politics/business/storeclosings.asp
Bob
Fulks
At 06:18 PM 11/20/2008, Ben wrote:
I wanted to give everyone a heads
up that if you tend to give gift cards around the holidays, you need to be
careful that the cards will be honored after the holidays. And if you have
any of these spend them now.
Stores that are planning to close
after Christmas are still selling the 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 'Bankruptcy
Planning).