Another one bites the dust files for bankruptcy. California Pizza Kitchen announced today that they’ve filed for bankruptcy, but that they hope to exit bankruptcy proceedings in three months time.
I’ve no clue as to whether that’s realistic or overly optimistic, but it might be worth trying to redeem or resell California Pizza Kitchen gift cards now if you’re holding any. They’re still valid, but if their business deteriorates quickly, you might not have a chance at a later date to get some kind of value out of them.
There have been somewhat frequent Amex Offers over the years for CPK that could get you a ~30% discount on their gift cards and those Amex Offers were sometimes timed perfectly to be stacked with promo card deals CPK was offering at the same time, getting you even more value.