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I have 2 luxury cars stuck with a bankrupt company.
Back in 2010 I bought 1 luxury sports car via a Swiss company in Basel. The car was purchased in the UK and exported to Switzerland straight after. The only reason why this was done was because in the UK nobody would have insured my son (at that time under 25).
After all the check-ups were completed and customs cleared the car was insured and given Swiss number plates and log book. After a week the car was brought back to the UK on a lorry and been happily driving it until 2011. Straight after purchase a mandate was signed between myself and the ‘agent’ where he will be the registered holder of the car until 31.01.2011 (Basel Stadt Jurisdiction)
In 2011 we received a call from our agent requesting the number plates back and discovered afterwards that the company had gone bankrupt. After investigating online it appears the company was declared bankrupt in 2014.
All the original purchase documents and car logbook are under the name of this Swiss company and the only thing proving our ownership is that mandate.
I am trying to sell the car in the UK but of course I can’t do anything
Back in 2010 another sports luxury car was purchased via a Swiss company in Basel. The car was purchased in Switzerland and registered car via the said company. The only reason why this was done was because in the UK nobody would have insured my son (at that time under 25). The car was then shipped to the UK with a lorry and used up until 2011 when the number plates were requested back.
We discovered afterwards that the company that the company went bankrupt and on top of this a loan was asked and used this vehicle as a warrantee. Of course none of this was done with the ‘real owner permission’.
Again I am trying to sell the car but of course I can’t do anything.
Hope to hear back with thoughts on possible ways of tackling the scenario.
All the best,
Car Ownership Issues
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