US shoppers question

[pico]

let's say you bought bunch of stuff from a chain store that lets you pay them a year later with no interest. then the store goes busto. do you still have to pay them back?

[purecarnagge]

your card/credit is usually done thru an outside company, so your deal isn't altered. Besides the bankruptcy process for a national company can take a year anyways.

[seaborneq]

good question. I would think the financing company would be the one you would want to go busto, not necessarily the chain store. A lot of this will be happening in the near future. I am going to buy a tv, king sized bed, and sofa on a no interest till 2010 deal myself.