Boomerang Blog

How Much Unclaimed Property is In Your Company’s Name?

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The purpose of corporate asset recovery is to uncover any unclaimed property that is associated with a company’s name. One may even consider asset recovery as the ultimate answer for the age-old question, “What’s in a name?” But sometimes a company’s actual name can create a challenge when attempting to locate its assets using conventional approaches. Any corporate entity with a “complex” name that is commonly prone to spelling anomalies is especially at risk of having difficult-to-locate property. Consider for example the J.C. Penney Company. A comprehensive search for their unclaimed corporate assets would require pursuing any number of variations...
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Outsourcing Asset Recovery

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It’s not unusual for a company to outsource their asset recovery efforts only after having first attempted and failed to do it on their own. These in-house recovery initiatives always begin with the best of intentions. Typically, one or more people within the organization are grouped into a recovery team, armed with little more than the URL of a popular lost property website as their primary tool. In a short time, they discover how limited the search functions of these on-line property locators can be, leading to frustration and a noticeable lack of results. Maybe it shouldn’t be a surprise...
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