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A Bankrupt Business Means Obsolete Gift Card
Credit: AP Online
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North Carolina

With the holidays fast approaching, you may want to think twice before buying gift cards.

A recent survey shows nearly two thirds of consumers plan to buy gift cards this holiday season. But the cards could be a liability if the business that issued them goes bankrupt. When Sharper Image went bankrupt customers lost about 20 million dollars in unused gift cards.

 

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