Corporate Credit Card & Filing Chapter 7

[Old2New7]

Hello BK Forum Community:

I have a corporate AMEX card for business travel and I am afraid there will be an issue since I have decided to file Chapter 7. I am purchasing buyer for my employer and there are times I may need to have a purchasing card in my name. Will the Chapter 7 bankruptcy cause an adverse impact since the card is billed to the employer? I am just listed on the application as an authorized user. Thanks for your guidance.

[shipo]

Are you an authorized user on the Corporate AMEX, or is the card actually in your name?

[Old2New7]

The card is actually in my name but I don't receive a bill. The company pays the bill.

[Old2New7]

My lawyer said that I don't have to include in the bankruptcy filing since I do not receive a billing statement for the account. Does this sound appropriate?

[shipo]

Then your card is like mine, basically your company is responsible for making all of the payments and your bankruptcy status is irrelevant.

FWIW, I changed jobs a few months ago and my corporate credit card moved from CITI to AMEX, both of whom I burned in my Chapter 13, and both of whom issued me a corporate card even though I am persona non grata with both financial institutions.

[Old2New7]

Thanks so much for your insight on this, Shipo! I have been worried sick about this. I am sure I'll have more questions coming down the pipeline for the BK Forum Community. 😉 Have a great week!

[hcorreia1]

I will tell you what happened to me when I filled chapter 13. I had a corp Amex card that was cancelled by AMEX do me filling chapter 13. I am not saying this will happen to you but they are not very friendly to bankruptcies. I would plan for that being the case.