Brian L. Davidoff

Chair, Bankruptcy, Reorganization & Capital Recovery
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Toys “R” Us Honoring Gift Cards For Next 30 Days

March 15, 2018Media Mention
CBS Local

LOS ANGELES (CBSLA/CNN Money) — Shoppers in possession of a Toys “R” Us gift card are advised to use it quick. Before becoming obsolete, consumers will have 30 days to spend their Toys“R” Us gift cards, according to USA Today.

The struggling company declared bankruptcy in September. The retailer announced on Wednesday that it is closing all of its UK stores. It is expected to close its US stores for good as soon as this week.

A company’s customers tend to land “pretty close to the bottom of the totem pole” in bankruptcy cases, said Brian Davidoff, a financial restructuring attorney for Greenberg Glusker.

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