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Originally Posted by coupons4cancer  If you have gift cards from the stores listd that MAY close or merge it PROBABLY is a GOOD IDEA to use them ASAP, IN CASE they merge and the merger Co will not accept them. In MANY cases, they give you notice and time to use them. I THINK that is what happened when CVS took over most of the Eckerd stores but THAT was NOT a bankruptcy. | Agreed......I would use up any LNT GC's I had in a hurry. When a company declares bankruptcy, the court views GC's as debt & cardholders are the last to get paid after investors/shareholders/vendors with outstanding receivables. I haven't heard how LNT will be handling theirs but Sharper Image GC holders got stuck holding the bag earlier this year.
PS - It wasn't CVS that merged w/Eckerd - it was RiteAid (at least here). You are correct that it was a merger not a bankruptcy & the did honor outstanding GCs because taking account of outstanding debt is part of the merger process.
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