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Brit's Dad Selling Her Rides From Under Her

3/17/2008 6:10 PM PDT BY TMZ STAFF

Britney SpearsBritney's conservators got the judge today to authorize them to sell some of Brit's cars. Thank God someone is trying to get her off the road!

Co-conservator Andrew Wallet made the request in court. The exact makes and models of the cars were not discussed in open court.

The judge also did what TMZ told you he'd do -- extended the restraining order against Sam Lutfi for another month

As we first reported, Lutfi agreed not to fight the restraining order and allow the extension. That means Lutfi must continue to stay 2 1/2 football fields away from the Britster and basically have no contact with her at all.

118 COMMENTS

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46.

C    

The exploitation of Britney continues! SO SICK! How is selling off her cars helping her mental illness??? What business is it of his how many cars she has? She worked for them. It has NO bearing on keeping her healthy. It further proves what is important to Jamie Spears - MONEY. I feel so sad for her.

P.S. Don't count on the Courts to keep a close eye on anything. When this is over I hope she sues them all for the abuse of her civil rights.

2321 days ago
47.

Oh boy    

44. I think it's extremely sad that her father is treating her as if she's 16 again. When will all this stop. Will she ever be able to get her life back? She is a grown woman with no right's what so ever. Put her on a $1500 a week budget when she had made million's. That judge is wrong. He should have ordered her a driver. They are stripping her of all her right's. It unconstitutional. Who's the prisoner here?

Posted at 8:30PM on Mar 17th 2008 by Paula

Okay little miss sixteen year old, here is a life lesson you should learn. Do not do drugs and you will not act crazy, do not allow low lifes to make decisions for you, Stay in school and get good grades so you can go to college and get a degree this way you can make LOTS of money. Freedom comes with heavy responsibility so get use to it. Brit is not a prisnor because of her parents, she became a prisnor from her prior years of everyone saying she was great and no one telling her the word NO!!

2321 days ago
48.

Stop Blaming the Paps For Everything Brit Does    

Has it occurred to any of you dumb***es who are crying foul that, perhaps, (1) the conservators know more about Britney's actual financial condition, and they are trying to salvage some value from her dwindling assets to avoid financial problems down the road, and (2) that Britney herself might have agreed to this and maybe even suggested it? Even if this is something Britney agrees to, the conservators still have to get court permission. Yeah, I figured that you haven't considered all the angles. Imbecils!!!!!!

2321 days ago
49.

Mr Poop Scoop    

Brit probably has a lot more money going out monthly than she has coming in. I doubt she has 700K a month revenue coming in to offset expenses. So it's probably a very good idea to reveiw her finances and cut her overhead down drastically. If they break the lease on the house she's in and move to the house she owns, that would be another good move and cut an additional 30K a month in expenses. For all we know she may not have any reveue at all coming in. There are no endorsments, profitable records etc.... Maybe that's why her dad's trying to get her some paying gigs also.

2321 days ago
50.

SoliZ's_GuRl    

horray...................im sure he will keep one....*cough cough ...business vehicle *cough

2321 days ago
51.

Robert    

paula sister, this girl was a child when she stepped up on the world stage and pushed any one away that tryed to give her propper guidance [ if thay didn't want to party, she didn't want to listen ] and good advise.it was asif she stopped mentaly developing. like try giving a 17 year old $ 100,000,000 and no supper vision, you get our baby sister britney. yes she did earn the money and hase a right to send her hard earned cash. but she didn't have the experiance to discern the wolves from the sheep, and the wolves can always smell fresh meat. THANKS TO JAMES THE SHEPPARD THE WOLVES ARE BEAT BACK FOR NOW!!!

2321 days ago
52.

sandy    

SLAVE GIRL is going to have to work a lot harder they need more give them more of your money K-fed and Daddyneed her to work ,each of them get to spend more than her what's Dad's allowance 2,500 a week Britney shops at a dime store Clares, for her belly ring. She needs to work harder and make more money so she ccn pay them. She worked for her parents and paid them and kept them in a home when she was young why shoould she not do that now this is what they know and she is able to make alot of money so whats the harm . SLAVE GIRL

2321 days ago
53.

Stop Blaming the Paps For Everything Brit Does    

48. horray...................im sure he will keep one....*cough cough ...business vehicle *cough

Posted at 8:58PM on Mar 17th 2008 by Soliz'S_Guurl

_______________________________________________________________________________________________

Well, let's think about this a minute. TMZ reports that the conservators asked to sell *some* of the cars. That implies, does it not, that not *all* of the cars will be sold. TMZ says the exact make and model of the cars to be sold was not discussed in open court. Hey, Soliz, didn't the conservators have the Audi and Mini towed to dealerships? And when is the last time Britney was spotted driving an Audi? How about Briteny driving a Mini? Okay, now think hard ..... I know it's painful ....... but what IF they are selling the Audi and the Mini, and keeping a few dozen of the Benz's that Brit was buying each month?

2321 days ago
54.

jh    

Selling assets is the easiest way to abuse a conservatorship. I wondered how long it would take before Jaime Spears started doing this. The state will never say that the assets were sold too cheaply, will never find any kickbacks. And if TMZ wants a story. follow the money. Find out if the buyers were Jaime Spears' drug dealers.

2321 days ago
55.

Robert    

A couple of the benz's where pro-mo's, just so people would see the brister driving a benz. "gotta drive what brit's driving" some peoples mantality!!!

2321 days ago
56.

Stop Blaming the Paps For Everything Brit Does    

Posted at 9:26PM on Mar 17th 2008 by jh: "Selling assets is the easiest way to abuse a conservatorship."

*************************************

And your authority for this is what? I think if you will read the case law about abuses of conservatorships, you will find that unscrupulous fiduciaries almost always use estate money to buy something and put it jointly in their own name and the conservatee's name so that it will look like a gift or they would someday inherit it. Selling assets is usually a sign that the estate is bloated with unproductive assets that are impairing cash flow. The concept is to sell assets that are not income-producing (uh, like automobiles?), and reinvest in assets that produce income, capital gains and/or appreciation (like securities and, in the right market, real estate).


2321 days ago
57.

Stop Blaming the Paps For Everything Brit Does    

Also, depreciating assets drag down the balance sheet.

2321 days ago
58.

Robert    

that's called a lability.

2321 days ago
59.

Rockmelon    

Huh? Look, she's a nut BUT isn't her father supposed to be keeping her finances in a "holding pattern" rather than selling her crap off!

2321 days ago
60.

BigTicket    

46. Has it occurred to any of you dumb***es who are crying foul that, perhaps, (1) the conservators know more about Britney's actual financial condition, and they are trying to salvage some value from her dwindling assets to avoid financial problems down the road, and (2) that Britney herself might have agreed to this and maybe even suggested it? Even if this is something Britney agrees to, the conservators still have to get court permission. Yeah, I figured that you haven't considered all the angles. Imbecils!!!!!!

Posted at 8:46PM on Mar 17th 2008 by Can't Tolerate Stupid People

Don't know. Don't care. Just want her to go home to the swamp so I don't have to see her everytime I turn on the TV or internet. I think ol man Spears should donate Brit-Billy to a Loo-ee-zee-anna alligator ranch. Watching this skank get pummeled around by giant reptiles would be the most entertaining thing she's ever done!

2321 days ago
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