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Are Hmv And Jessops Breaking The Law Not Honouring Gift Vouchers?

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barney15c | 13:40 Tue 15th Jan 2013 | Law
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Too late for Jessops but HMV are still trading, but both refused to honour gift vouchers. As they have had the money surely they are breaking the law not honouring them, also were they being deceptive selling them when they must have known they were both going to the wall?
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I am gutted..get all my music on their on line site...
Just a little point. The revenue is no longer a preferential creditors. I believe they lost this status on 15th September 1973, so the taxpayer is down at the bottom of the pecking order.
the administrators are guaranteed their fees...
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you'll never see an administrator go bust then...plenty of work for then atm!!
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Well the next big name has just gone into administration -Blockbusters

http://www.bbc.co.uk/news/business-21047652

Not even half way through the 1st month of new year and thats 3 big names going to the wall. Who's next?

Wish i had shares in Deloitte, they must be creaming it in.
Are vouchers such a great idea? - "Here's a Bluewater Voucher (pre-paid card) you can use it in the dozens of shops in Bluewater" Alternatively, "Here's a tenner, you can use it in the tens of thousands of shops throughout the UK".....
I agree with sidkid. I never saw the point in buying gift vouchers.
How about the selling of the vouchers before Xmas when big bosses knew they were flailing?

Would that have been illegal?
thanks
A moot point ojread, if it could be proven that they were fully aware of the timing, perhaps. However, I think it may be difficult to make it stick. This is one for Barmaid or New Judge if they are floating around.....
Seems they are about to start accepting them again !
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