An employee using the company card usually does have some personal liability for the card. Liability does not arise in the case mentioned above where the compan

An employee using the company card usually does have some personal liability for the card. Liability does not arise in the case mentioned above where the company goes bankrupt. However, if an employee makes unauthorized charges to a company card, the company can refuse to pay them as they do not fall underneath the company card policy. Those charges then become the employee's responsibility. Be careful with company credit cards, even if you're only an employee!