This one baffles us considerably. Shouldn’t they have some sort of protected account that represents the reasonable cash obligations of outstanding rebates?

One of the nation’s largest rebate processing firms, CPG (RebateStatus.com) has filed for Chapter 11 bankruptcy protection. What does that mean for you? Well, if you happened to mail-in a rebate form with a company that CPG works with, your check may be in limbo because they don’t have the money to cash it. (Gizmodo)