Frequently Asked Questions

Yes, we have already found abandoned cash a government agency says it owes your company and that is presently available to be claimed.

In some instances, these are funds for a check issued by the government to your company was never cashed because it may have been lost in the mail or was returned for something as simple as insufficient postage or incomplete address.

In other cases, inaccurate payee and address information is a result of a merger, acquisition, or a change of ownership. Funds may also not reach your business as the result of an office relocation or closing.
It is also possible that a government issued check may have reached your business but was not deposited because the person who received it did not know which liability to apply the payment against. In many cases, the check represents an unexpected refund, return of a deposit, or rebate.

Another common reason for abandoned cash is that the money is owed to a predecessor entity, which – as a result of a merger or acquisition – the surviving company is now entitled to claim.

We focus on abandoned cash that is usually not discovered by internal efforts. In our experience, delaying these types of recoveries or putting them off until the end of the year can lead to the permanent forfeiture of significant assets.

A proper claim is required by the government to release the funds.

And, if you miss the filing deadline, your abandoned cash becomes the property of the government (and you permanently forfeit your right to claim the funds).

Also, the interest the government is earning on your abandoned cash is usually not refundable. This often results in a significant source of revenue the government uses for things like general operating costs.

The commitment of company personnel is nominal, and the returns can be quite significant. We do all the work so you won’t have to divert valuable bandwidth to supervise and administrate the process.

Finding the abandoned cash we have located would be like finding the proverbial “needle in a haystack.”

And, dealing with government agencies can be a challenging process on its own (each has different requirements for claiming abandoned cash).

In advance of engagement, we share general information.

Once engaged, we do provide exact details (such as holder, dollar amount, asset type, etc.). This allows you to be fully informed while also protecting our proprietary information.

Any amounts already being recovered are specifically excluded.

In most cases, the government must receive a claim by its specific filing deadline or you permanently forfeit your right to claim the funds (and the abandoned cash becomes the property of the government).

In those limited cases when there is not a specific filing deadline by which your company must claim its abandoned cash, it is always beneficial to act promptly.

The quicker your money is recovered the sooner you will regain control over how those monies are used.

Some claims pay within a matter of days, while others may take a few months or more. Rest assured, our pay for performance model ensures you of the fastest recovery of funds possible.

Our contingent fee is a percentage of the amount recovered and is based upon the complexity of identifying and processing your claim (we incur substantial costs and expenses in identifying and recovering our clients’ funds).

These costs include, but are not limited to: (1) obtaining and researching the records indicating that funds are owed to your business, (2) preparing and filing the documents necessary to claim your funds, and (3) monitoring the status of your claim through the recovery process up to receipt of payment.

No. There are no hidden fees or additional costs, and we never ask for any payment up front.

We work on a strictly contingent fee basis which includes all costs and expenses associated with the recovery of your abandoned cash.

There is absolutely no risk to you because if there is no recovery, there is no fee (we’re paid only from the proceeds of successful recoveries).