company car

anti chris-t

I used to work for a company in leixlip which went bankrupt. As i was a sales rep with them i had a ford focus tdi as a company car. On the day we were told the company was closing we were told to hang onto the car for about 2 weeks until the liquidaitor was appointed upon which time i was told they would arrange to collect it from me.

That was over 3 months ago during which time i have been in contact with the liquidaitor in relation to other issues yet there was never any mention of the car and i know that they have finished liquidating the company. As it stands i still have the car but if i want to tax or insure it in my own name i will need the log book. Has anyone ever heard of this situation before or does anyone have any recommendations

Gregor Samsa

One thing: If the car was insured by the company, there's a very good chance that is void now. If the liquidator was doing thier job, they would have cancelled the insurance policy when winding down the company. So if you're still driving the vehicle, you could be driving uninsured!

-Chris-

I don't think you should be taxing or spending any other money on it.

If I were you I'd be buying my own car and sending the liquidator a letter saying "if you don't collect it from my gaff in 7 days I'll have it towed at your expense".

Alternately you could offer to purchase it at a fair price.

R.O.R

Do you know who the vehicle is lease from or was it company owned?

I'd echo Chris's advice above and contact the liquidator. Chances are the vehicle either belongs to someone or should be counted as a company asset for the liquidator to dispose of.

anti chris-t

i figured that the insurance had been cancelled alright so i just use my own car not sure if thats the case but better to be safe than sorry.

The car belonged to the company themselves. The reason i am looking into it is because i prefer it to the my own car and i was wondering if there were any squatters rights with it as i know the company owed a massive amount of money when they closed so it would have been easy for the liquidaitors to overlook it as they would have bigger problems to deal with.

I also never hid the fact that i had it from the liquidaitors but as they never asked about it i didnt volunteer the info. was actually thinking of making them an offer for it once they looked for it back but im still waiting for them to look for it.

-Chris-

No squatters rights afaik.

Hypothetical worst case scenario? Liquidator forgets all about the car for hte next year while they wrap everything up. The last thing on their list is the cars.
They get to the cars, and contact all company car drivers to reclaim them.
They receive the cars and then charge you for any depreciation incurred due to any additional mileage you've put on the car in the year you've had it.

Worse again, the liquidator suddely realises they're missing a couple of cars and notify the Gardai instead of contacting the drivers. You get pulled over and have the car taken off you.

Not likely, but imho it's possible.

Don't count it as your asset until you have a receipt in your hands.

anti chris-t

true i had'nt really thought about it too much to be honest with you. Its just that its sitting there and i was wondering if there was any advantage to me actually having it as im not driving it and i dont own it so if there is no squatters rights then i probably let them know about it

Del2005

anti chris-t wrote: »

true i had'nt really thought about it too much to be honest with you. Its just that its sitting there and i was wondering if there was any advantage to me actually having it as im not driving it and i dont own it so if there is no squatters rights then i probably let them know about it

I'd contact the liquidator and tell them you have the car. Say you are willing to make an offer on the car or get them to take it off your hands.

As the car is no longer insured who is responsible if it gets burnt out or stolen from your premises, since you are the last keeper it may be you? Don't know if this is the case or not, but since someone else owns the car they should take it back or dispose of it, by selling to you at a good price:D. Leaving it sitting on your drive isn't a very good thing to be doing to you.

Or send the liquidator a registered letter saying you are going to start charging €50 a day storage till they take it back. After a few months you could then make a claim for it over unpaid bills:cool:

Buffman

anti chris-t wrote: »

i was wondering if there was any advantage to me actually having it as im not driving it and i dont own it so if there is no squatters rights then i probably let them know about it

A very intersting situation you have op.

It is no advantage to you having this car at the moment, no point of having something you can't use. If you have open drive on your own insurance you can drive it, as it is no longer owned by your employer. (Assuming it's still taxed.)

Del2005 wrote: »

As the car is no longer insured who is responsible if it gets burnt out or stolen from your premises, since you are the last keeper it may be you? Don't know if this is the case or not, but since someone else owns the car they should take it back or dispose of it, by selling to you at a good price:D. Leaving it sitting on your drive isn't a very good thing to be doing to you.

The liquidator is now responsible for it.

I don't know much about the world of liquidation, but I would have thought valuable assets like vehicles would have been near the top of the list for the liquidator to sell off.

niceirishfella

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