Troy Wangen Educates NACM Credit Congress Attendees on Unclaimed Property: Hidden Mysteries Solved
Heading to NACM’s 124th Credit Congress and Expo? Don’t miss this discussion led by TPC Managing Director Troy Wangen.
Unclaimed Property: Hidden Mysteries Solved
Tuesday, June 16th, 9:00 – 10:30am
Speakers: Troy Wangen, True Partners Consulting LLC and Brenda Mayrack, State of Delaware
Unclaimed property continues to be an evolving issue that impacts companies from credit managers all the way to the C-Suite and everywhere in between. Often, unclaimed property is hiding in your company and you may not know it. If you are filing, you also may wonder what actually happens to the property after you report it. This session will help debunk some of those mysteries and help you uncover some potential hidden liabilities. We will break it out into two sections: (1) discussing recent developments in unclaimed property as many states continue to adopt new legislation and consider new reporting requirements, and considerations for companies going through a merger and acquisition and how to protect yourself from hidden unclaimed property liability; and, (2) hearing directly from the State of Delaware’s unclaimed property regulator regarding opportunities for voluntary compliance and enforcement risks for noncompliance, as well as the states’ efforts to return property to the rightful owners after reporting.
And stop by and see us at Booth 520!