Millions in Student Loan Repayments Uncollected

  Student Loan Collection Agencies Have Failed To Collect Millions Of Dollars in Student Loan Repayments Awarded to them in Bankruptcy Cases Thousands of student debtors who have been forced into bankruptcy are not getting credit for millions of dollars they have paid on their student loans in their bankruptcy cases.  Those millions of dollars …

Puzzling Reluctance to Collect Unclaimed Assets

  Why are so many individuals and business executives reluctant to accept offers to recover unclaimed and abandoned assets which belong to those individuals or the executives’ businesses? A while ago I spoke with the assistant director of a state unclaimed property agency who told me that she had spent over a year trying to …

Second unclaimed payment recovered, worth over $1 Million

Preprinted from cfo.com Robert J. Poulson, a partner at Poulson Law Offices, collection attorneys, in Cooperstown, New York recently announced that the firm had recovered an unclaimed payment owed to a corporate client by a state agency worth over $1 million.  A check was issued and mailed by a state agency but never received by …

What Is Unclaimed Property?

  What Is Unclaimed Property … and why should business executives be concerned about it? Unclaimed property consists of accounts and other financial assets that have been inactive for a certain period of time. Types of unclaimed property include: checking and savings accounts, uncashed payroll checks, uncashed stock dividends, insurance payments, inactive stock brokerage accounts, …

What is a State Unclaimed Asset Trust?

Every single state in America has a trust for unclaimed assets, which contain countless payments, checks, bank accounts, and other types of property. These unclaimed asset trusts contain billions of dollars, with New York alone accounting for more than $17 billion in unclaimed assets. But what is an unclaimed asset trust, and how might that …

$1.5 Million Check Found, Unclaimed after M&A Transaction 

Asset Recovery Law Firm Helps Multinational Conglomerate Find $1.5 Million Check That Went Unclaimed after M&A Transaction  COOPERSTOWN, NEW YORK — Robert Poulson, Partner, Poulson Law Offices, announced that his firm recently recovered a $1.5 million check for a corporate client, a multinational conglomerate that owns several hundred subsidiaries. Mr. Poulson said the unclaimed property …