Making the Impossible Possible

The Situation: In 1973 Company A, an Illinois corporation bought Company B, a Michigan Corporation. Company A liquidated Company B in 1974, both companies dissolved in 1974 and that would seemingly be the end of the story. Except…..

A shareholder of Company A noticed that Company B had unclaimed funds in the Michigan state treasury. The unclaimed funds totaled $81,000 due to the demutualization of Company B’s insurance policy. The insurance company, unable to locate Company B, tendered the $81,000 to the state of Michigan treasury.

The shareholder contacted Earl Corporate Advisors to recover the funds. Due to the length of the time since the transaction, there were no longer any corporate acquisition documents, tax information or documentation to substantiate the claim. The task seemed impossible. Recovery almost needed a miracle.

With over 30 years of corporate law, mergers and acquisition experience and expertise in claims recovery, Earl Corporate Advisors was able to put together documentation through the corporate records at the secretary of states of Michigan and Illinois, newspaper articles, a real estate deed transfer to Company A, an affidavit from the shareholder attesting to the history of the transaction, shareholder indemnification, and a bond.

The state treasurer approved the application for the fund recovery and the shareholder recovered funds that had been with the state for over 20 years. Earl Corporate Advisors can assist your business in recovering money it is owed even if it was a business your business acquired decades ago.

Hans Gruber Noted International Bond Investor Endorses Us!!