FREQUENTLY ASKED QUESTIONS

As we handle Unclaimed Funds with the Federal Bankruptcy Court, you may have funds available for several reasons. You may have filed a bankruptcy and the Court took too much money in the case. Or, you may have been a creditor and filed a claim against a person or business that filed bankruptcy.  Either way, after the Trustee mailed the payment, the check was either misplaced or lost.  After 90 days, if the check is not deposited, the funds return to the Treasury and they remain there waiting to be claimed.

No.  There is no upfront charge for our services.  

We only get paid (our percentage) IF we recover funds for you.  

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The percentage is a flat fee no matter how large or small the claim.  And there are no extra fees at all.

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Simply put, we get paid when YOU GET PAID.

Usually between 45 days and 60 days from the date we file the Application with the Court.  

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Some Courts are still experiencing delays from the recurring Covid issues.

No. The Court does not pay any interest on Unclaimed Funds.  Even though funds may have remained at the Treasury for 20 years or more, the Court does not pay interest.

Yes.  There is a two-page Assignment Agreement that we will send to you AFTER we receive your Service Agreement.  Depending on your Court District, you may be able to complete the Assignment Agreement by electronic signature.  Be sure to provide an email on the Service Agreement.

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To ensure you receive all documentation, we always will send forms and instructions by US Mail for your receipt.

Yes.  You can take a picture of the Service Agreement and send it to us by email  info@gumfinancialinc.com 

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We maintain a dedicated email for documents you wish to send.

secure@gumfinancial.com

Some Court Districts will not accept electronic signatures.

Original "wet" signatures are required by a select number of Court Districts. We  will advise you based on the location of the bankruptcy filing.

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Yes.  Most Courts may require to have a signature for both parties, but it depends on the Court District.

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In some cases, even though 2 people may be listed on a bankruptcy filing, the refund check may have ONLY listed one person.  In those cases, only 1 person needs to sign the forms.

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How will I receive my check?

Once a check has been issued by the Treasury, you will receive a check directly from Gum Financial.

Yes. Absolutely.  If your spouse/partner or family member has passed and there are Unclaimed Funds in their name, we can assist you in claiming those monies.  

You will need to send in a copy of the Death Certificate with the Service Agreement.  We will create a Small Estate Affidavit which is required by all Courts.  All Instructions will be provided for you.  We make the process as easy as possible.

In most cases, yes.  There are some Court Districts that do not have that requirement. If a Court requires ID, we will provide you with a postage-paid, pre-addressed envelope to mail a copy.. Or, you have the option of sending a picture of the Identification to a secure, dedicated email                                       secure@gumfinancial.com

The Courts want to make sure they are paying the correct person(s) for the Unclaimed Funds.  Types of ID that are accepted by the Court; Driver License, Passport, State ID, Military or Government ID.