KB Toys Will Honor Gift Cards Through Bankruptcy
admin on December 30th, 2008
If you are thinking of filing for bankruptcy get a free bankruptcy review, or file yourself with our bankruptcy forms for just $19.95. Thanks for visiting!
KB Toys has received permission from the New York Attorney General’s office to honor the over $2million in gift cards this year with its New York consumers. KB Toys recently filed bankrupt and had to receive permission to honor the cards through the holiday season. Although $2 million gifts cards had been sold this year, KB Toys has $12 million in unclaimed gift cards.
The Attorney General’s office is allowing KB Toys to honor the gift cards until January 12th, but is not requiring the toy retailer to accept the gift cards. KB Toys is headquartered in Massachusetts, but operates over 50 stores in the state of New York. KB Toys is closing all of its stores through its Chapter 11 bankruptcy plans.
