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Just like I was blogging about yesterday, Forbes.com released an article about how companies could have sold customers $100 million in worthless gift cards.

Remember, there are no obligations for companies that have filed for bankruptcy to redeem gift cards. So, now that Circuit City has filed, you would think that they would no longer sell gift cards, but they do. So, any day the remaining stores could decide to no longer accept the cards.

I went to a Linens-N-Things last week to check out the liquidation sale, and all over the registers, doors, and other surfaces said that they were no longer accepting not only gift cards, but also store credit cards.

Good luck with gift cards this year if you decide to give them to your friends and family, and keep an eye on the news to get a heads up as to which stores are in trouble.

Jeremy

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