asked

My husband used his corporate American Express card for personal expenses totaling $8,600. We informed the company, but before we could resolve the issue, the company was sold, and the new owners are now demanding immediate payment. We are unable to pay until our tax refund arrives, which would significantly reduce the amount owed. The new company is threatening action. We need help. What steps should we take, and should my husband speak with his new boss about this issue? Additionally, does the new company inherit the debts of the old company, and how does this affect our situation?

October 17th, 2024

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