TeamBuy.ca and DealFind.com are Bankrupt

It has come to my attention that TeamBuy.ca and DealFind.com recently declared bankruptcy.

Dear Valued Customer,

Please be advised that as of Friday, August 29, 2014, Couch Commerce Inc., the parent company of TeamBuy.ca/Dealfind.com, has entered into a legal & financial restructuring process. Pursuant to the rules and regulations governing the restructuring process, we cannot honor TeamBucks issued on or before August 29, 2014 and issue any refunds related to purchases on or before August 29, 2014.

Please note the purpose of the restructuring is to provide the Companies with a more stable environment to continue operations and develop a plan that will allow us to continue in business. We appreciate your prior support and looking forward to continued support through this important process.

Sincerely,
Sarah
Manager of Customer Experience
TeamBuy.ca | Dealfind.com

I was not aware of this and only found out about it recently. I was not privy to any insider information or anything. I’m shocked and disappointed by the news. TeamBuy/DealFind was one of my favourite daily deals sites. I bought a lot of deals from them over the last couple years and never had any issues.

Allegedly, TeamBuy/DealFind is no longer offering refunds and has stopped paying their merchants. This has forced some merchants to stop accepting/honouring TeamBuy & DealFind vouchers. If you have any outstanding TeamBuy/DealFind vouchers that you haven’t used, your best bet is to contact the merchant and ask if they’re still honouring the voucher. If not, I suggest you contact your credit card company and request a charge back.

Here’s a couple links with more information:

http://forums.redflagdeals.com/do-not-purchase-team-buy-deal-find-bankruptcy-1552761/

http://www.reddit.com/r/Calgary/comments/2g7h6s/warning_dealfind_teambuy_are_bankrupt_and_issuing/

http://www.cjad.com/cjad-news/2014/09/10/beware-of-teambuyca

 

Because I can’t guarantee if any deals purchased from TeamBuy/DealFind will be honoured, I’m going to immediately stop posting TeamBuy/DealFind deals on my blog.

I will keep you posted if I hear any updates about this matter. In the meantime, I will continue to work hard and find all the best deals by posting them on my blog.