The country’s bankruptcy courts have a slew of unclaimed money from prior bankruptcy proceedings. If you were involved in a previous bankruptcy case, it’s possible that you made a few payments that never made their way to creditors, and they are now available to be reclaimed.
Dubbed the “U.S. Bankruptcy Unclaimed Funds Locator,” this new tool provides an easy way of connecting government held funds with their rightful owners. The search engine, which can be found here, is available on 39 of the country’s 94 court websites. The program features user-friendly fields that allow the average person to search and retrieve these records. This search engine works similarly to the state department’s for owed tax returns.
Why could have money been left behind?
Those responsible for distributing payments to creditors do their best to track down the rightful owner of the money, but sometimes there are situations that are out of the courts’ control. Below are just a few common reasons why an individual would accidentally leave money behind in the wake of a bankruptcy proceeding.
- The creditor’s address may have been incorrect.
- The recipient died, and the next of kin never pursued claiming the money.
- The holder forgot to cash a check.
Ease in retrieving your unclaimed money will most likely vary, depending on the court that holds it. If you find that you are owed money that you now wish to claim, you will want to speak with a reputable bankruptcy lawyer in West Palm Beach to file a motion with the court and begin the process of retrieving your funds.
In the event that you have unclaimed money from a prior bankruptcy proceeding, Kelley & Fulton can help. We invite you to schedule an appointment with one of our experienced bankruptcy attorneys and let us get you the money you rightfully deserve.