Leased car stolen
My friend leased a car for his company and the car (Range Rover £55k) was stolen. The claim was accepted by his insurers but his company went bust before the claim was paid. What happens to the proceeds of the claim? Do the liquidators take claim money as he was register keeper and pay the lease company a percentage or as registered owner of the car can the lease company claim all costs from the insurance company?
08 Feb 2017, published