If a company has already issued me a company credit card, can the card be taken away if I claim bankruptcy?
chris h asked:
I have had the company credit card for approximately 10 years, paid the card off monthly, but recently got cut back on my job with a large reduction in pay, which will not allow me to make my personal credit card payments. If I claim bankruptcy on my personal credit cards, will my company be notified, and will they take away my company-backed credit card. It does not show on my credit report.
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I have had the company credit card for approximately 10 years, paid the card off monthly, but recently got cut back on my job with a large reduction in pay, which will not allow me to make my personal credit card payments. If I claim bankruptcy on my personal credit cards, will my company be notified, and will they take away my company-backed credit card. It does not show on my credit report.
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December 26th, 2008 at 5:19 am
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The card well be cancelled
December 27th, 2008 at 5:20 am
personal credit report
If you carry liability for the card then the carrier would be notified and the card cancelled but if it is strickly a business card with only the companies name then there is no need for the company or the card issuer to be notified. Keep in mind also that when claiming bankruptcy you are not aloud to incure any debit until you have been discharged.
December 27th, 2008 at 12:06 pm
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If it doe’s not show on your credit then you name is not connected to the company card.
If you file bankruptcy? It should not be effected in any way.
December 30th, 2008 at 3:33 am
Kansieo.com
the ILLUSION of Bankruptcy Protection