Just a simple post for those doing searches on the forum to state that I have just been informed that it is not possible to hold a Corporate AMEX card during BR unless the company has full liability for the payments.
I hold a Corporate AMEX with joint liability for the payments and even though I have never had to make a payment on the card I have been told that my company are not going to budge on this as it is company policy to have them with joint liability.
I now have the unenviable task of informing my boss that I can no longer undertake a 12 month secondment to Manila as I will simply not be able to support myself whilst there.
Ultimately I accept full responsibility for the actions that lead to my Bankruptcy but to miss out on a once in a lifetime opportunity is really heart-breaking.
I don't suppose the OR has the ability to prevent a company from freezing an account? as refusing this secondment will probably impact my future employment with the company and possibly lead to my redundancy coming early (still at least the IPO/IPA will be cancelled).
If this thread can prevent somebody else from making this mistake in the future then my work is done.
Hi there - I really feel for you on this one. You may have made some mistakes in the past, but this should not hold you back in the future.
I am afraid that the OR has no ambit to ask creditors not to freeze accounts. Could you not ask your employer to provide you with a card for which they are fully responsible in order that you do not miss this opportunity? Or could a family member take out a card in their name, on the strict understanding that you pay the outstanding balance off at the end of each month when presumably your employer pays your expenses.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
AMEX Corporate cards and BR
Posted - 15 July 2008 : 16:57:16
