meirasmith & others -

The company owners didn't intentionally "stick it to me". We just majorly goofed up. No one read the fine print on this particular card. I am not entirely blameless here. And believe me, the company owners do feel bad about this - one of the guys was practically in tears over it.

There is no way to transfer the balance to other cards. All our corporate cards and the owner's other personal cards are tapped.

As for taking assets as my own, I don't think that's an option. We've leased a lot of our equipment, and the bankruptcy courts will expect a full accounting of everything we've purchased so THEY can sell it for us. I may be able to keep some of the items that were purchased on this card if it comes to that.

ToddTruby's and SeattlePioneer's comments were right on about my experience at this company. I have had the best job, worked with the best people, had fun at work, and had the most incredible education ever working at this company. My potential upside, even if we only meet our most modest sales projections, is/was incredible. I wouldn't trade this experience for anything. If I let this money issue break or control me, then where would I be?

There just may actually be some good news. There was an article in our local paper about our plight, which has generated some interest by a local university's tech transfer fund. The called us a couple of days ago, and have already committed themselves to funding us. They're even covering a payroll for us today - the doors aren't closed yet. They hope to finalize things over the next few weeks. And you can bet the first thing I will do IF and WHEN we get to move forward is to get that CC paid off and take my name off the account!!!!!

Thanks to everyone for all your excellent advice.
Kim