Bankruptcy

gift cards

Panic: Are Consumers Scared To Buy Gift Cards?

Earlier this year when the Sharper Image declared bankruptcy, they briefly stopped accepting gift certificates. Eventually, they did start accepting them again — but with the requirement that consumers buy twice the face value of the card. This, it seems, has caused a fair amount of panic among consumers. Chain emails are circulating warning shoppers not to buy gift cards from various retailers — claiming that they are going out of business. But are they? More »

4:16 PM on Mon Dec 1 2008
By Meg Marco
10,464 views, 124 comments

Most discussed APFPilot: I'm not scared, but I won't be buying any, why should I give companies interest free loans? more »

bankruptcy

One Of Michael Vick's Expenses Is "Chump Change"

Michael Vick, the allegedly herpetic former NFL quarterback and dog lover, has filed paperwork detailing the decent into financial ruin that lead to his bankruptcy filing in July of this year. Vick blew through $17.7 million dollars in two years preceding his Chapter 11 petition. If that sounds like a lot of money in a short amount of time, consider the fact that Vick has been imprisoned since November 2007. For those of you looking for some insight into Vick's attitude towards money, the Smoking Gun points out that one of his check memos reads, "chump change." More »

1:46 PM on Fri Nov 21 2008
By Meg Marco
14,717 views, 68 comments

Most discussed kepler11: well, that's what happens when people who aren't brought up understanding the value and hardship of money, suddenly get a more »

circuit city death watch

Circuit City Turns To Unrelentingly Optimistic Junk Email As The End Nears

Reader James forwarded us an unsolicited email from Circuit City that we had to post because it's just so chipper about the fact that they've resorted to spamming him out of desperation. It cheerfully proclaims, "Now you'll be the first to hear the latest news," before informing him that he'd been "chosen" as one of their "best customers" to receive spam. More »

10:25 AM on Fri Nov 21 2008
By Meg Marco
9,775 views, 39 comments

Most discussed friendlynerd: I got that yesterday too! There was an unsubscribe link, but it required signing in and all other sorts more »

auto bailout

Auto CEOs Flew Private Jets To Washington To Ask For Your Tax Money

ABCNews says that the big three auto CEOs "flew to the nation's capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid bankruptcy." More »

11:58 AM on Wed Nov 19 2008
By Meg Marco
17,904 views, 181 comments

Most discussed Git Em SteveDave loves this guy->★: I think it's kind of sensationalism to state the price of the jet itself. It's not like they more »

circuit city death watch

Circuit City Gets A Loan, Lives To Fight Another Day

Circuit City has secured a loan from Bank of America that will pay for its operating expenses until it emerges from bankruptcy next year, says Bloomberg. This financing gives CC a new lease on life — Yes, we may yet see the bankrupt retailer rise from the ashes to continue its proud tradition of ignoring customers who are standing at the register. More »

11:59 AM on Tue Nov 11 2008
By Meg Marco
4,828 views, 32 comments

Most discussed TecmoTech: Why would BoA make this loan? They do read the news, don't they? more »

circuit city death watch

Timeline: How Circuit City Came Undone

Bankruptcy is a time for reflection, we guess, so we put together a nice little time line of Circuit City's precipitous decline over the past 2 years. We begin our journey in March of 2007, when Circuit City announced that it was firing everyone who knew what 1080p meant so that they could hire cheaper labor... More »

3:21 PM on Mon Nov 10 2008
By Meg Marco
45,490 views, 117 comments

Most discussed Uh oh... Cleveland: I would love, love, love if this thing could be traced back to the firing of the experienced employees, who more »

circuit city death watch

Poll: Will You Shop At Bankrupt Circuit City?

The pundits are concerned that shoppers will be reluctant to buy electronics from a retailer that has declared bankruptcy, because they're worried about whether the store will be there to honor their extended warranties and gift cards. (Ew, extended warranties!) More »

11:42 AM on Mon Nov 10 2008
By Meg Marco
11,424 views, 79 comments

tweeter liquidation

Liquidations: Say Goodbye To Tweeter

Bankrupt high-end electronics retailer Tweeter is going away for good says the Boston Globe. More »

circuit city death watch

Few Deals To Be Had At Circuit City Liquidation Sales

The Wall Street Journal took a look at Circuit City's current predicament today and concluded that they're in deep sh*t. But that's great for bargain hunters, right? Nah. Not really. More »

10:49 AM on Tue Nov 4 2008
By Meg Marco
34,400 views, 82 comments

Circuit City Bankruptcy Watch

Circuit City's Stock Is Too Low For The NYSE

More bad news for Circuit City. Its stock is trading so low that it is in danger of being delisted from the New York Stock Exchange. More »

2:05 PM on Sat Nov 1 2008
By Meg Marco
14,196 views, 70 comments

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