| Federal bankruptcy courts hold over $200
million in unpaid refunds and unclaimed distributions
to bankruptcy creditors. A record number of recent
bankruptcy filings this year 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 a bankruptcy filing come
under the purview of the Federal Bankruptcy Court
System, they generally will not show up in a search
of your state unclaimed property database.
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. Order
our Special Report: Bankruptcy Court Unclaimed Funds
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