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, …
Cash is King is still a valid mantra for most businesses. Many companies overlook a source of significant cash: unclaimed and abandoned assets. The amount of cash many businesses unknowingly leave behind is often substantial. Our law office represents many U.S. and international companies in recovering abandoned and unclaimed assets. We’re not talking thousands of …
While few people create a corporation with the intent of eventually closing, the fact of the matter is that only half of all businesses survive their fifth year, and only about a third last more than ten years, according to the Bureau of Labor Statistics. This unfortunate reality means that many corporations will face dissolution …
Continue reading “Five Things You Should Know About Corporate Dissolutions”
Corporate liquidations are far more common than most people realize and are an integral step in ensuring the successful wind-down of many businesses. When done improperly, though, a corporate liquidation can result in serious legal and financial headaches that can outlast the company itself. But what exactly is a corporate liquidation, and how can it …
Continue reading “What is a Corporate Liquidation and How Can it Go Wrong?”
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 …
Continue reading “$1.5 Million Check Found, Unclaimed after M&A Transaction “
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
