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September 7, 2005
Schoolpop plans to file for Bankruptcy this week
Posted by Adam Viener
Management at Schoolpop has informed it's employees that they plan to file for chapter 7 bankruptcy this week. The schoolpop website is likely to be down within the next week or so, and management is attempting to sell Schoolpop's business units during the bankruptcy process.
Schoolpop was a loyalty program that let's people shop to earn cash for their children's school's. Schoolpop had long been touted in the affiliate industry as a shining star and an example of combining social good with affiliate marketing.
Adam Viener
1. christine Carney on September 14, 2005 4:49 PM writes...
I guess the hundreds schools and the parents that used this program as a fundraising tool are now out of luck. Is there anything schools can do to get the rebates they are owed? I wonder if the General Mills Boxtops program is destined for the same fate?
Permalink to Comment2. Adam Viener on September 14, 2005 4:53 PM writes...
That is a great question. I don't know what will happen to the funds that they owe their participating schools. I would suspect that these would fall into creditors of the bankruptcy.
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