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Filed chapter 13 BK, will this affect my business AMEX card?

NemoEsq
Valued Member

Filed chapter 13 BK, will this affect my business AMEX card?

Hi everyone,

 

We filed chapter 13 BK on 4/10/2020. MOC is 6/4/2020. I have an AMEX business card that, as far as I understand it, is just an authorized user card. The card is under my name and I sign with my signature when I use it for business purposes. I've had it for well over a year and it's never reflected on my credit reports. I didn't fill in an application for it. It's not included in my bankruptcy. However, I am concerned "somehow" this card will be black listed or canceled as a result of the BK. Is that a thing? Do I need to alert my employer? For what it's worth, I did not have my own AMEX cards so they were not burned in the BK filing. My only relationship with AMEX has been this employer card. Thank you for your help.

Chapter 13 BK
✓ Filed 4/10/2020
✓ Meeting of Creditors 6/4/2020
✓ Deadline to File Claims 6/23/2020
✓ Confirmation Hearing 8/11/2020

Credit scores as of 8/18/2020:
EX: 554 | TU: 552 | EQ: 592
Message 1 of 4
3 REPLIES 3
Lurker22
Contributor

Re: Filed chapter 13 BK, will this affect my business AMEX card?

I had a corporate AmEx that I didn't include in my Ch13, my employer paid it in full every month without question....low and behold AmEx closed it and sent a petition to include it in the Ch13 plan....I called HR explained the situation - they ordered a new card, I haven't had an issue since 

Message 2 of 4
Shooting-For-800
Senior Contributor

Re: Filed chapter 13 BK, will this affect my business AMEX card?

I have seen it go both ways.

You did not burn them, so you may be ok.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $400k unsecured credit in 2021.

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Message 3 of 4
NemoEsq
Valued Member

Re: Filed chapter 13 BK, will this affect my business AMEX card?

Wanted to come back with an update.

 

Today I had a reason to use my business AMEX card and lo and behold, it works. So (cross fingers) it looks like my BK did not affect the business card after all.

 

I figured I would update the post in case anyone has a similar question in the future.

Chapter 13 BK
✓ Filed 4/10/2020
✓ Meeting of Creditors 6/4/2020
✓ Deadline to File Claims 6/23/2020
✓ Confirmation Hearing 8/11/2020

Credit scores as of 8/18/2020:
EX: 554 | TU: 552 | EQ: 592
Message 4 of 4
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