Hoosiers reclaim millions in assets:
According to a news release from the Indiana attorney general’s office, since 2005, more than $150 million in lost and forgotten assets has been returned to state residents. Over $300 million in assets are waiting to be claimed.

FAQs:

Q: Where does my money come from?

A: There are various sources of unclaimed funds related to business transactions, including insurance
claims, class action lawsuits, inactive bank accounts, real and personal property taxes paid, etc.

Q: Are there out of pocket expenses or upfront costs when working with IBR to claim surplus funds?

A: There are no out of pocket expenses or upfront costs associated with claims at any time. We earn our fees only when our clients recover their funds.

Q: I have had financial difficulties, including a bankruptcy in my past. Am I still eligible to claim funds that are due to me?

A: In most cases, once a bankruptcy is discharged, the transaction is final. Parties who have funds due to them have been able to successfully claim surplus funds, even with a bankruptcy in their past.

Q: What are some other examples of unclaimed funds?

A: Unclaimed funds can be investment earnings, insurance benefits, inactive bank accounts, unpaid wages, stock dividends and IRS refunds that are sitting in state holding accounts. Many times they are unclaimed because the owner divorced, moved or is deceased and the source holder is unable to locate the owner.

Q: If I was really owed money, wouldn’t the source-holder have located me and given it to me?

A: Many companies or state and federal agencies don’t make much of an effort, if any, to locate you. They do not have much incentive to do so, since they can keep your money and wait for you to claim it while they earn interest off that money.

Q: How might people lose track of their assets or property?

A:

• A change of address occurs without notification to all interested parties
• A divorce or marriage is not recorded properly
• A check is received and accidentally discarded or misplaced
• An account may have been forgotten
• Mail has been returned due to clerical error from a former employer