Chris Cappuccilli News<br/>Escheatment Group<wbr/><br/><wbr/><br/>Voluntary<wbr/>Compliance<wbr/><br/>Annual<wbr/>Reporting<br/>Record Retention<br/>Due Diligence<wbr/><br/><wbr/><br/>Complying<wbr/>with the state's numerous Unclaimed Property (Escheat) laws, while creating internal processes to maintain accurate records for future filings, is one of the financial reporting challenges facing businesses today. States report that corporate Unclaimed Property filings are up and represent a significant source of revenue. The Sarbanes-Oxley Act requires accurate and timely financial reporting, yet, non-compliance of Unclaimed Property laws could call into question the accuracy of other financial reports. With over 100 property types, compliance is generally perceived to be complicated, cumbersome and costly — Brown & Joseph’s proven solution is not.<br/><br/>We have the ability to create demand letters and all associated attachments/exhibits that accompany them, and mail them directly from our offices. We also have a proprietary database, which we use to upload the debtors’ accounting records within the pre-preference and preference periods. Once the data has been loaded, we have the ability to formulate an estimated recoverable amount, along with individual reports for each of the avoidance actions. We can manage any size preference case both efficiently and cost effectively.<wbr/><br/><wbr/><br/>Contact<wbr/>Chris Cappuccilli :Depending upon the number of files to review, this process could take as little as one day or as long as one week. Once we’ve “scrubbed” the information and reviewed it, we will contact you to discuss the program that will return the most dollars. We have purchased portfolios from five cents to sixty cents on the dollar, but please understand, it is impossible to give you a price as to the dollar amount we would offer until we’ve completed the due diligence phase.<br/><br/>You can e-mail, fax, or mail the information using any format, or we can provide an Excel spreadsheet for your use.
