| There were well over one million
bankruptcies reported last year, the vast majority of
which were personal filings. Federal Bankruptcy
Courts are a seemingly unlikely yet substantial source of
unclaimed assets, holding an estimated $200 million in
refundable fees and unpaid distributions to creditors.
Very often Trustees are unable to make much of an effort
to locate those owed money, so you may not be notified if
you're a creditor owed funds from a bankruptcy proceeding
in another state.
If a
Trustee is unable to deliver the funds, the money
eventually goes to the U.S. Treasury. In some cases there
is a statute of limitations on claims, so prompt action
is necessary.
If
you're a creditor owed funds from a bankruptcy
proceeding, or if you have filed for bankruptcy and
believe you are entitled to collect certain refundable
fees, go to
Bankruptcy
Court Unclaimed Funds
|
