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RadioShack gift card holders can try to recover balance

🕐 1 min read

FORT WORTH, Texas (AP) — Consumers holding gift cards from former electronics retailer RadioShack can file claims seeking to recover the unused balance.

The claims process, announced Wednesday, is part of a settlement approved by a bankruptcy judge.

Fort Worth-based RadioShack in February filed for Chapter 11 reorganization, after not turning a profit since 2011. Hedge fund Standard General in March bought hundreds of RadioShack store leases through its General Wireless affiliate.

The settlement says consumers have a year to file gift card claims, until Dec. 2, 2016, to determine if they are eligible for money.

The website is Priority will be given to gift cards purchased from a RadioShack store.

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