What if ....
 

... your car (or other item you have bought) is in the Dealers Compound awaiting repair/inspection and the Company goes bust - the Administrators seize all the assets, including your car of course.

You need to prove ownership, easy if a car (harder if it is something else), how long before the goods are returned? How do you get them back?

I'd hope to have a receipt for the item that's in for repair etc. what have you lost Pete?

Maybe, but a receipt is no good if you go to the compound and find it locked up ... who do you contact? What if the goods have been removed? Maybe all you see is some dust and tumbleweeds .......

Would the Insurance pay out do you think?

I'd try the police - if removed, then I'd consider them stolen.....

I would expect the recovery agency to leave a notice of where they can be contacted. Just take along your receipt and prove what is yours and then take it away.

Just find out who the administrators are, then go see them.

Would the insurance company pay out - I doubt it.

I think if you bought something but not recieved it, then you become a creditor to the administator and hopfully you'll recover something. Don't quote me, but you are not the owner of something until the transaction is complete and the goods have been handed over.

With the car, you are the owner and have documentation to prove it, therefore it should be handed back as it was not an asset of the dealership.....logically....

Has someone got your Mobility Scooter? :lol1:

His comode.

I wonder if we'll ever find out why he is asking this ...:D

he has had his gimp suit in for a crotch repair and general steam clean and the sex shop has gone bust.

Another Honda dealer collapse..

Wasn't there a Ferrari "dealer" who ended up in this situation - had a load of cars on SOR and took the owners for a LOT of money (due to the cars being locked up when the company folded) - some of the cars were never recovered.

remember reading it on F-Chat. Scary stuff tbh.

Well, yes, it is my Ferrari which was in the Dealers Compound.

Now I return, to see thw compound empty ... has it been stolen? Will the Insurance pay up? :cry:

Use your tracker and find it.

I didn't keep the annual contract .........

They can still find it for a fee

I told them to stick their service as the charges were so high - they told me not to darken their door again :(

we have the same thoughts Pete.

Must be a matter for the police then?

If they have gone bust its not a police matter. Even if you property has been removed - they are quite within their rights to do this.

This happens quite a bit - more often than people realise.

The general way to deal with it is to find out who the administrator is and write to them requesting your property back. In most cases, they return your goods pretty quickly once its established that you own it and not the company. Most of the time. In some cases, there is more too it and you might be in for a long, long wait. Depends on your exact situation.

You need to be carefull and act quickly,two companies have gone under on me,one moved all the items out to there facility in ireland,and under terms of administration you cannot recover them from another country.Second company went under on me went to said company and stock checked all items remaining with the administrator who signed to say items where mine,had a letter from them two weeks later saying we cannot accept or deny your title claim and this is still on going from feb last year.

It's a worry, isn't it?

is a diesel honda an asset??
i'd consider it more of a burden.

It is one that I have not considered before Pete.

I don't know the law in this respect but I would have expected that the administrator would hang onto anything of value that comes into his possession.

I think that you have to make an appointment to see the man in charge and officially lay claim to your property in the hopes that he will allow you to recover it.

I wish you good luck anyway.

Les

Still none the wiser :)

Pete is this one of your cars, a "friend" or family members cars, or is it all hypothetical?

IME it comes down to if its planned or not. A lot of companies plan to go under, and do it at the time that suits them the best - when this happens they use every trick in the book.

Its why I use main dealers only, and keep things as local as I can when using internet based suppliers - even if its a smidge more expnesive.

It's not a car and it's not yet in the Compound .........