tino1104 said:
relocated said:
Haven't read the posts on here, just wanted a moan really.
How could you forget HMV when they have been a pillar of maintaining an unacceptably high price on music and visual media. Even when other people saw which way the wind was blowing they still tried to squeeze the last farthing out of everything.
At this moment I don't know if it has been sold, but their reputation has been shot [if it still had a positive rep] by failing to honour gift vouchers. ALL those vouchers purchased in good faith around Xmas time gone down the crapper. It would have been a better bet to put a tenner in a Xmas card and run the gauntlet of the postal system.
Very sad for the staff, but good riddance to HMV.
Well said they have always been a rip-off and going out with a giant voucher rip off!
When you purchase a gift voucher, you are effectively lending money to the voucher seller. If the seller becomes insolvent, you become an unsecured general creditor, along with all the other unsecured creditors to whom the seller owes money. The administrator has a number of statutory obligations, one of which is to secure the best outcome for creditors as a whole - which unfortnately means that you can't jump the queue in front of the landlords, utilities and whoever else the seller owes money to.