Consumer Information about KB Toys
KB Toys stopped accepting gift cards at its stores on January 11, 2009. Consumers with unused balances on their gift cards from KB Toys (which is in bankruptcy), should file a proof of claim with the bankruptcy court.
When filling out the proof of claim, consumers with gift card balances or merchandise credit should check under Section 5, the fourth box which states: "Up to $2,425* of deposits toward purchase, lease, or rental of property or services for personal, family, or household use - 11 U.S.C. 507(a)(7)"