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 …
Continue reading “Millions in Student Loan Repayments Uncollected”
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 …
Continue reading “Puzzling Reluctance to Collect Unclaimed Assets”
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 …
Continue reading “Second unclaimed payment recovered, worth over $1 Million”
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, …
No one who runs a business expects to lose track of their company’s assets. They may believe it is something that only happens when people are careless, and that due diligence can protect against losing track of assets. And yet, billions of dollars in lost and unclaimed assets are sitting in state trust funds right …
Continue reading “When is a Good Time to Seek Asset Recovery Services?”
Declaring bankruptcy is rarely easy for anyone who must go through it, given how long and complicated it can be. This is especially true for businesses, which have complex holdings that can become tied up in bankruptcy for years. For anyone who has an interest in the assets of a bankrupt business or person, bankruptcy …
Continue reading “Why Does Bankruptcy Result in Potential Asset Recovery Issues?”
Mergers and acquisitions are some of the most complicated processes any company can go through. While potentially quite profitable for the companies involved, mergers and acquisitions are full of hurdles and challenges that can become costly if mishandled. Here are five issues that can arise during the process of your merger or acquisition:
Dealing with litigation is a common part of the business environment, whether your business is involved in a lawsuit directly, or if some part of your business is indirectly affected by a lawsuit. Since keeping track of your assets related to that litigation can take years, it is not uncommon for title to those assets …
Continue reading “How Litigation Can Create Asset Recovery Issues”
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 …
Ideally, the process of mergers and acquisitions should be clean and simple, with all a purchased company’s assets becoming the property of its new owner. However, a shocking amount of the time, valuable assets are left behind, with some companies leaving behind thousands or even millions of dollars without realizing it. Here are five reasons …
Continue reading “Five Reasons You May Need Asset Recovery Services”
Cooperstown Office
29 Pioneer Street
Suite 301
Cooperstown, NY 13326
Phone
607-547-1195
Email
Robert J. Poulson: rjp@poulsonlaw.com
Jill Ann Poulson: jill@poulsonlaw.com
