Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

American Express Corporate Card

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • American Express Corporate Card

    I'm starting a new job in a few weeks. One that pays decent money so I can begin to rebuild my life! The job requires a lot of travel and the company is going to provide me with an American Express Corporate card to pay my travel expenses. However, I included about $10K in Am Ex bills in my chapter 7 last year. Being a corporate card with them paying the bill, do you think it will raise any flags??? I'm going to be spending $3 - $5K per month on travel and the card would be a life saver! Obviously for work purposes only....

  • #2
    If you bk'ed amex you will not get the corporate card most likely. Amex keeps a black list. Corporate cards are still applied for under your social security number and if you bked amex they will not give you a card unless you pay in full the balance that you owed them.
    You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

    Comment


    • #3
      Your company can guarantee the card, should they choose to. Otherwise, you are not likely to be able to get an American Express corporate card that has personal responsibility.
      Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
      Status: (Auto) Discharged and Closed! 5/10
      Visit My BKForum Blog: justbroke's Blog


      I am not an attorney. Any advice provided is not legal advice.

      Comment


      • #4
        I would also add that in order to get your company to guarantee the card you will have to go to the administrator of the card program (usually someone in hr or travel accounting) and disclose that you were declined. The administrator of the card program will then have to contact amex and sign paperwork that guarantees the company will pay for all future charges.
        You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

        Comment


        • #5
          I got behind on my corporate AmEx one time and had to get the company CFO to call them to get the account released. I was spending $10-12K a month on travel expenses so it wasn't like I was gonna put that on my personal credit.

          Got to say I don't miss that life even if I do miss the income.

          I'd suggest you go through the process and see what AmEx says, then go talk to your company administrator if you get declined. It won't be the first time they've heard that.

          On a related note, I just finished an interview with the investigator doing my security background check and he told me he used to see very few bankruptcies (1-2 a year), now it's 4-5 a month.
          Case Closed > 2/08/2010

          Comment


          • #6
            The way most companies get corporate AMEX cards for their staff that are required to have them (i.e., for travel) is upon hiring, the new employee is given a form to fill out with all their information for AMEX (ss number, name, address, etc., etc.) and that form is submitted by the company to AMEX. When the account is approved, the new coroprate card is sent directly to the new employee by AMEX (to the address where your bills are to be mailed). In order for your BK not to be a problem, the company would have to give you a card that is guaranteed by them with AMEX to which you are not associated but can use. I suggest speaking with your HR manager about what process they use at your company because if you are given a form to fill out for AMEX which includes your SS and other information, the card will be based on your credit and expect a denial.
            _________________________________________
            Filed 5 Year Chapter 13: April 2002
            Early Buy-Out: April 2006
            Discharge: August 2006

            "A credit card is a snake in your pocket"

            Comment


            • #7
              Originally posted by BobMango View Post
              On a related note, I just finished an interview with the investigator doing my security background check and he told me he used to see very few bankruptcies (1-2 a year), now it's 4-5 a month.
              Hehe... I went through my security investigation last year ... The investigation apparently was only concerned with my life up till 5/26 but I didn't file for bankrputcy till 6/6. So, I did end up telling the investigator about it but I apparently didn't have to! LOL. She told me it wouldn't be an issue and told me she had gone through one herself a few years prior.
              BK Ch 7 Discharged 09/2009 | Anything I say can and should be used as friendly advice and sharing of experiences with an unbiased viewpoint.
              Scores: EQ 745 EX 704 TU 710 as of 08/15/2012

              Comment


              • #8
                Thanks for the info all. Kinda what I expected, but hoped maybe I would get lucky since it's a corporate backed card and I never see a bill. Kinda sucks. I start on April 12th. I guess I'll cross that bridge then. It's a great company, so I'm hoping they'll be understanding... My career track record is great, but obviously my personal finances got a bit screwed up the last coupe, years.

                Comment


                • #9
                  Do any of you know, is it common for a company to guarantee a corporate card? I won't be able to float my monthly travel expenses on my own...not for a while anyway!

                  Comment


                  • #10
                    Originally posted by FS09 View Post
                    Do any of you know, is it common for a company to guarantee a corporate card? I won't be able to float my monthly travel expenses on my own...not for a while anyway!
                    It is uncommon for the company to guarantee a corporate card. Instead of my current company guaranteeing a corporate card, I went ahead and asked for permission to use a different type of card, (I recently opened a 5k secured card at my credit union which I am using solely for business travel ) and I am using that for my travel expenses.
                    Last edited by backtoschool; 04-01-2010, 08:08 PM.
                    You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

                    Comment


                    • #11
                      I just assumed (probably incorrectly) that any corporate card would have to be guaranteed by the company?

                      Comment


                      • #12
                        Originally posted by FS09 View Post
                        I just assumed (probably incorrectly) that any corporate card would have to be guaranteed by the company?
                        Well, there is a "partial" guarantee. This allows the issuing company to allow high credit limits. My Corporate AMEX had a $100K credit limit (yes, $100K). The highest I ever had it was close to $40K when traveling (business class) to/from western europe.

                        However, almost all "corporate" cards are issued as personal responsibility cards. That means that the company, while guaranteeing payment for legitimate business charges, can simply file an affidavit when they think you're using the card for non-business purposes. Since the card has personal responsibility, AMEX will then come after you.

                        Think of it like signing a personal guarantee on a "business" credit card for your LLC or S Corp.
                        Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
                        Status: (Auto) Discharged and Closed! 5/10
                        Visit My BKForum Blog: justbroke's Blog


                        I am not an attorney. Any advice provided is not legal advice.

                        Comment


                        • #13
                          i am in a very similar situation as fs09, but i won't be travelling that much, so i should be able to foot the bill until my company reimburses my expenses. it's funny because my personal amex actually survived the bk (i never owed anything on the card), but i'm worried if i apply for another one they'll find out about me and cancel the one i have in addition to declining the new one.

                          does anybody know whether the arrangements with the credit card for travelling end up known to your supervisor? would the person in the company administering the card inform your supervisor if your application for a card was declined?
                          filed ch7 May 09
                          341 june 09
                          discharged, closed Aug 09

                          Comment


                          • #14
                            I had my Corporate AmEX survive my Bk with no issues. As far as your supervisor finding out about your card depends on your company policies. I know someone else in the office was two months late and our supervisor was made aware of it, as far as a decline in approval of the card maybe someone in accounting if that and all they would be told that it was not approved.
                            November 2, 2009: Filed Chapter 7, December 10, 2009: 341 Done! January 11, 2010 Last Day for Objections! February 9, 2010 Discharged!!! February 12, 2010 Case Closed, MyFico on 11/09: 550, Now: 715!

                            Comment


                            • #15
                              someone stated you have to go through an approval process..thats not exactly true..your company will call amx and have you listed as an authorized card user, and they will send the company the card with your name on it...this is not your company, so i can not see you having to go through an approval process, your company will handle anything you need in getting your company card.

                              Comment

                              Unconfigured Ad Widget

                              Collapse
                              Working...
                              X