UNCLAIMED PROPERTY CLAIMS MANAGEMENT

Helping recover unclaimed property being held by state, federal, provincial, and foreign agencies

What is Unclaimed Property?

Unclaimed Property is money and other assets that are being held until the rightful owner claims them. Unclaimed property can be intangible, which is the most common (ex. uncashed paychecks, stocks), or tangible (ex. safe deposit box contents). Some of the common forms of unclaimed property include:

 

 

Bank Accounts
Shares of Stock and Dividend Checks
Uncashed Checks (e.g., payroll, vendor, refund, etc.)
Traveler’s Checks
Cashier’s Checks
Trust Distributions
Unredeemed Money Orders of Gift Certificates
Uncashed Bankruptcy Dividends

Customer Overpayments
Utility Security Deposits
Mineral Royalty Payments
Safe Deposit Box Contents
Insurance Payments or Refunds
Annuities
Certificates of Deposit
Tax Refunds or Overpayments

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How We Can Help

FRS UP was created to extend FRS's unparalleled claims management services to its clients’ unclaimed property recovery needs. We have built a team of professionals and developed systems and tools to identify and obtain funds being held by state, federal, provincial, and foreign agencies. FRS UP's mission is to maximize the funds received from abandoned assets with as little organizational impact to our clients' stakeholders as possible, putting more money and time back to your company.

FRS UP will provide your business with exceptional service, no up-front costs, and minimal usage of your team’s time.

OVER $541 MILLION IN RESEARCH FOR FRS CLIENTS
$27.4 MILLION IN CLAIMS CURRENTLY PENDING FOR CLIENTS
OVER 14,000 CLAIMS FILED

Why FRS UP?

THE PROCESS

Preliminary Research

Initial research of voided, stale-dated, abandoned, unclaimed, escheat/non-escheat property and funds in possession of holders across the US and abroad is completed to confirm that your company will benefit from our program.

Engagement

Sign the FRS UP Contingency Fee Agreement, meet our team and we will begin our recovery process for your company!

Proprietary Search Technology

FRS UP performs our unparalleled and proprietary deep-dive search for all unclaimed funds due to your corporate entities and locations. Potential claims undergo a multi-step quality control review to confirm their validity. The relevant and verified claims will progress to our claims management system for submission preparation.

Claim Preparation & Filing

All relevant authoritative documents, claim forms and supportive information are located, completed, collated and submitted by FRS UP’s source specific specialists.

Claims Management

With our streamlined and time-efficient process, claims management is handled by the FRS UP team so your team can spend more time on what they do best!

Advocacy

Our team of lawyers and experts will work with the various agencies to ensure that all eligible claims are accepted and paid.

Timing

We can begin receiving funds within 90-days of when we start filing claims.  

Accounting

FRS UP provides detailed reporting of all the claims in process and of all payments received. Your company will receive a monthly distribution for claims paid and we will wire funds right into your account. We also provide reporting of the stage of every single claim in process.

Completion

It is our goal to have all identified and verified claims paid within 12 months from the start of the engagement. Of course, this does not include new claims that are identified throughout the engagement.

Ongoing Management

FRS UP will continuously be searching agencies for new funds so that when they appear, we will recover them immediately.

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Our Roots: Financial Recovery Strategies

FRS has spent the last twelve years becoming the leader in class action claims management, recovering over $220M from class action settlements and other recovery opportunities on our clients’ behalf.  That same focus on expertise and processes, combined with an unparalleled research team has led to the inception of FRS UP.

Phone

Locations

270 Sylvan Ave. Ste 2240,

Englewood Cliffs, NJ 07632

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