| Federal bankruptcy courts hold over $200
million in unpaid refunds and unclaimed distributions
to bankruptcy creditors. A record number of recent
bankruptcy filings will increase this total
dramatically. Federal bankruptcy trustees often aren't
able to make an effort to locate those owed money,
particularly if you're a creditor owed unclaimed
funds from a bankruptcy filing in another state.
Because unclaimed funds arising from bankruptcy
filing come under the purview of the Federal Court
System, they will not show up in state unclaimed
property databases.
If you
believe you are entitled to collect unclaimed funds
from a bankruptcy filing, you must initiate a search
with bankruptcy courts and trustees directly. For
information order our Special Report: Bankruptcy
Court Unclaimed Funds
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