Beware the bouncing Checker rebate check

We just got a bounced check back from our bank for a Checker Auto mail in rebate we had deposited. Apparently, Continental Promotion Group has filed for Chapter 11 bankruptcy protection. I love it that we were hit with at $5 fee on a $12 check because it bounced.
I found this news story that explains how Costco is dealing with the situation. To summarize, don’t deposit your rebate check unless you talk to the store where the rebate originated first.