That Sharper Image gift card you got for Xmas that you’ve been holding on to, waiting for the newest version of the Spider-man ionizing foot-massaging Teflon ashtray? It’s bunk. Due to its current bankruptcy, Sharper Image is suspending gift cards, at least for now. When they’re done with their restructuring, they’ll likely start honoring them again, or else they’d be facing much litigation.
The Sharper Image Suspends Acceptance Of Gift Cards Due To Bankruptcy [The Consumerist]
I had 400 bucks to sharper image. It sucked. I seriously went the day after the bankruptcy date to find out that they no longer accepted it. We need some type of protection against that. Turns out, there is a company, and I quote from marketwire: “Leverage Inc. today announced a new bankruptcy insurance policy that allows customers holding gift cards purchased via its LeverageCard.com destination from Sharper Image and other merchants filing for Chapter 11 bankruptcy protection to transfer remaining, unredeemable balances to gift cards from other retailers available on the Leverage site.”