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Post date: December 3 2015

A.G. Schneiderman Announces Website Now Processing Claims For Radioshack Gift Card Holders

Consumers May Seek Recovery Of Unused Balances Following Company’s Recent Bankruptcy

NEW YORK – Attorney General Eric T. Schneiderman today announced that holders of gift cards purchased from the former retailer RadioShack can now file claims seeking to recover the unused balance on their cards.

“Individuals who have unused balances on RadioShack gift cards may now apply to get their money back,” said Attorney General Schneiderman. “When a company goes bankrupt, it is important that consumers are protected and this claims process will ensure just that.”

Consumers who have unused RadioShack gift cards with a balance can go to the website OldRadioShackGiftCards.com to obtain a claim form which they can submit electronically or by mail.

The claims process is part of a settlement agreement previously approved in the U.S. Bankruptcy court in Wilmington, Delaware and supported by Attorney General Eric Schneiderman, 23 other states, and the District of Columbia.

All claims will be reviewed according to the court-approved plan and settlement that established the RSH Liquidating Trust to review and approve claims in accordance with the court’s orders.

Under the Court’s order,  the Trust will treat as a priority claim and pay one hundred percent of the balance on the cards to consumers holding gift cards that were purchased (by either the holder of the card or by the person who gave the card as a gift) from RadioShack, the RadioShack website or any of its authorized sellers.  Per the court order, gift cards acquired in other way will not have priority and will be treated as a general unsecured creditor. 

The deadline for filing claims is December 2, 2016 and consumers in New York as well all fifty states are eligible to file proofs of claim.

Attorney General Schneiderman cautions consumers that no one associated with this settlement will contact them to ask for personal or financial information or to request any payment.  Consumers asked for such information or payment should say no to those requests.

Participating in the settlement with New York are the following: Tennessee, Pennsylvania, Oregon, Arizona, Arkansas, Florida, Georgia, Hawaii, Illinois, Indiana, Maine, Maryland, Massachusetts, Missouri, Nevada, New Hampshire, North Dakota, Ohio, Rhode Island, Texas, Virginia, Washington and the District of Columbia.

To view more information about the claims process and obtain a claim form, please call Attorney General Eric Schneiderman’s Internet Bureau at 212-416-8433 or visit the claims website at OldRadioShackGiftCards.com for more information.