Employee: Borders Is Making Us Push Gift Cards That May Be Worthless If Company Declares Bankruptcy - The Consumerist What do you think USMB? Is it unethical for Borders to be having employees sell gift cards to people that would be worthless the minute they declare Chapter 11 Bankruptcy (which is very likely at the moment)? I don't want to assume, but I wonder whether when people get gift cards from Borders, they are informed that if the company declares bankruptcy that they are worthless. I could always try it myself since I shop there from time to time. Though these days if I buy any books, it's online.