Kathleen Pender: Use it or lose it: Gift cards could become worthless if the issuer goes bankrupt [San Francisco Chronicle]
FAIRFIELD-SUISUN, CALIFORNIA Kathleen Pender: Use it or lose it: Gift cards could become worthless if the issuer goes bankrupt [San Francisco Chronicle] Jan. 2—If you received a gift card for Christmas, first thank the giver, then use it. Fast. Many companies that issue gift cards — such as retailers, restaurants, movie theaters, gyms and spas — have been hard hit by pandemic shutdowns and are closing in large numbers. The number of retailers filing for bankruptcy in 2020 was the highest since 2009, according to S&P Global Market Intelligence. When companies go bankrupt, their gift card...