Unclaimed Property Blog

Is lost cash a myth or a hidden gold mine? Have you been considering taking on a second income to increase you cash flow? Well, you may not have to! You may have lost cash that is yours to claim. It is estimated that 9 out every 10 Americans have cash that they have not claimed as their own.

I can hear the alarm bells going off in your head. “No way, this sounds too good to be true” you may be thinking. Well, ask yourself these questions:

There are several companies in the United States, working as agents, or service providers, who are especially in the business of locating unclaimed funds or properties for making profit. Under the provisions of the Freedom of Information Act, these companies go about procuring information regarding check issuance data from all the related government agencies. The information of unclaimed funds are gathered from the specific check symbols, numbers, and dollar amounts, which remain identified as “check cancelled” on Treasury check cancellation listings.

An unclaimed money database is a collection of personal information of millions of Americans whose money is lying among the $25 million sitting unclaimed in the U. S. government treasury. You could be among those millions. Your name may be included in an unclaimed money database belonging to one or more states. You may be the rightful owner of thousands, if not millions, of dollars that you did not even know existed. Moreover, you could also be a beneficiary of millions of dollars worth of family property.

Do you know that you are eligible to claim back your lost cash? Studies say that seven out of every ten Americans have some amount of lost cash to claim back.

Why is there so much of lost cash? From where does this lost cash come from? How to claim the lost cash back? These are some of the questions that bother us when we think of lost cash. Let’s find answers for all these questions.

For some people, missing money may sound weird. But wait, do you know that you may have your share in the unclaimed property and money that accounts to over $35 billions? Just think how you can benefit form $50,000 of your missing money.

Unclaimed money and property are new and it has been existence for many years. The problem is many people don’t know how to claim their missing money and much worse, many people don’t even know that they have a huge sum that can be claimed. Each and every US state government has billions of money in the unclaimed property category.

Lost cash is the unclaimed money by people in Texas. When people change their job or shift to other places they forget to collect their salary checks or insurance checks. Most of them forget even to leave back their forwarding address and so the money left remains unclaimed. In Texas if the money or the property remains unclaimed for five years it is declared as lost cash and it stays with Texas State Comptroller’s Office till the owner claims for them. This lost cash contains anything from forgotten bank accounts, stock and cash dividends, checks that have been not yet cashed, insurance benefits that have been un-collected and so on so forth. When Texas State Comptroller’s office turns over the lost cash then after two years it is auctioned off.

The recipient of a gift subscription receives the magazine. Think all is well? Think again, they also receive a bill.

After lots of contemplating about giving the right gift you decide on a subscription to the person’s favorite magazine. You fill out all the needed information for this person to receive the magazine and you to receive the bill. You then pay the bill in full upon receipt.

Sometimes the things you do not know can hurt you. What is your bankruptcy IQ? Read on for some information that may help increase your understanding of bankruptcy.

Bankruptcy isn’t something you like to think about, but you may find yourself considering it at some point in your life. How do know if it’s the right thing for you?

Let’s start with information on what it is. Bankruptcy is a federal court process that helps individuals and businesses repay their debts under the protection of the bankruptcy court (Chapter 13 Bankruptcy) or wipe their debts out altogether (Chapter 7 Bankruptcy). When you file for bankruptcy, an automatic stay goes into effect which prohibits your creditors from taking action to collect the debt without the approval of the court.

Did you pay all of your taxes? Some individuals and business have not and it is adding up. The Internal Revenue Service has reported that the gap between taxes paid and taxes owed stood at more than $300 billion, with a large portion due to individuals understating income.

“Even after IRS enforcement efforts and late payments, the government is being shortchanged by over a quarter trillion dollars by those who pay less than their fair share,� said IRS Commissioner Mark Everson. “People who aren’t paying their taxes shift the burden to the rest of us.�

About $30,000 in unclaimed cash will be moved into the city’s general fund if the rightful owners don’t claim it by the end of the month. To claim this money contact the Oklahoma City Police Department.

The found money turned into the police ranges from one penny to $3,317. Police do make every attempt to return this money to the owners prior to adding it to the city’s budget. There isn’t a standard amount, it is just money that the police had turned in to them for various reasons.