I paid several former employees in cashier's checks drawn six months ago from my account. Several claim they never received them in the mail. The PO box of the account has been closed and my business partner is gone as well. Is there a way for me to recover the money for the checks that never got cashed?
If you have a record of the purchases, including the dollar amount, payee and serial number of each check, you can file a "lost, stolen or destroyed cashier's check" claim and affidavit with the issuing bank. Since it has already been over ninety days since the issue date of the checks, the bank should reimburse you after it has verified that the checks have not yet been paid.
If the issuing bank isn't familiar with the claim process, ask the representative to review section 3-312 of the Uniform Commercial Code in your state (4-406 in New York). Almost all of the states have adopted the provision.
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If you have a record of the purchases, including the dollar amount, 