Gift Card Redemption in Liquidation: Weighing Potential Benefits to Creditors

Whether or not to accept gift cards during a liquidation should be decided on a case by case basis. But the blanket refusal to redeem gift cards during GOB sales is becoming more a thing of the past. Michael McGrail, COO of Tiger Capital Group, talks about the advantages and disadvantages of redemption to creditors. Whatever the decision, he says potential impacts to GOB sales should be factored into the overall liquidation strategy.