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Unclaimed Property Insights

Delaware SOS VDA Outreach Update 2021

The Delaware Secretary of State’s (“SOS”) has recently posted a notice on its website stating that new rounds of invitations will be issued for holders to participate in the Delaware SOS Voluntary Disclosure Agreement (“VDA”) Program this year.  The notices are slated to be mailed out on February 19th, May 14th and August 20th.  In addition to inviting a company to participate in the SOS’ VDA Program, these outreach letters […]

February 17, 2021

Bloomberg Law: Managing Unclaimed Property Risks in Bankruptcy

This article was originally published in Bloomberg Law (password required) Authors: Donna Culver, Morris, Nichols, Arsht & Tunnell, and Matthew Chenowth and Jim Weigand, True Partners Consulting The extended shuttering of business operations due to the Covid-19 pandemic is expected to contribute to a sharp increase in corporate bankruptcy cases in 2021. As beleaguered companies seek to reorganize or sell themselves through the Chapter 11 bankruptcy process, prospective acquirers of […]

January 4, 2021

Thomas Ross of TPC A Chat with Thomas Ross – Statistical Analysis in Unclaimed Property Audits

This article originally appeared in the Winter 2020 issue of the Journal of State Taxation. By Matthew B. Chenowth and Thomas Ross Matthew B. Chenowth and Thomas Ross discuss the changes in unclaimed property audit, including an increase in the use of estimations to calculate liabilities for companies. As a result of the COVID-19 pandemic and the resulting economic downturn, states are looking for ways to increase sources of revenue, […]

December 4, 2020