What happens if a restaurant goes out of business and you have a gift card?
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What happens if a restaurant goes out of business and you have a gift card?
If you have a store gift card or a credit at a retailer, there’s a good chance you will lose the money if the shop shuts down. Gift certificates, cards or store credit issued by sellers that declare bankruptcy may have no value, said the Division of Consumer Affairs. Honoring gift cards isn’t up to the company, though.
How do I get my money back from a closed business?
Contact Your State or Local Consumer Protection Agency: If you can’t reach anyone from the business to get a refund, contact a government agency that offers consumer protection services in your state. This will alert the agency to the problem (you are probably not alone) and it may be able to get your money back.
Can Logan’s Roadhouse gift cards be used anywhere else?
Logan’s Roadhouse eGift Cards Logan’s Roadhouse gift cards can be redeemed at 230 company-operated and 26 franchised Logan’s Roadhouse restaurants. This prepaid Logan’s Roadhouse Gift Card is redeemable for food and beverages sold at all Logan’s Roadhouse® restaurants.
Are gift cards non refundable?
Generally speaking, gift cards are considered non-refundable. When you purchase a card, you use it once and stick to what you bought. In practice, buyers are given a lot more leeway and they can refund most products under the right circumstances. Some businesses will refund the purchase and give you store credit.
What can I do if a business closes and owes you money?
What If a Company Goes Bankrupt and Owes Me Money?
- Stop Collection Efforts.
- Review Bankruptcy Documents.
- Attend Debtor’s Initial Examination.
- File a Proof of Claim.
- Attend Debtor’s Bankruptcy Hearing.
- Let the Bankruptcy Proceed.
What if I have a Logan’s gift card?
Logan’s Roadhouse gift cards can be redeemed at 230 company-operated and 26 franchised Logan’s Roadhouse restaurants. This prepaid Logan’s Roadhouse Gift Card is redeemable for food and beverages sold at all Logan’s Roadhouse® restaurants. This card is like cash and cannot be replaced if lost or stolen.
What happened to Logan’s Roadhouse?
On August 8, 2016, Logan’s Roadhouse filed for bankruptcy and announced plans to close eighteen of its 256 locations that are under-performing. On April 4, 2020, Craftworks announced that all the Logan’s Roadhouse locations would remain closed indefinitely, and that all 18,000 employees would be laid off.
Do stores have to refund gift cards?
The retailer may exchange the card for cash, but at a discounted rate. For example, the issuer may refund 90\% or less of the face value of the card. The issuer they refuse to accept a return of the gift card unless you have the purchase receipt.