April 24, 2014

Unclaimed Funds


Unclaimed Funds are funds held by the court for an owner or recipient who is entitled to the money, but who has failed to claim ownership of it.  Unclaimed funds may arise out of a variety of circumstances, such as: delivery of a payment may not be possible because of faulty or incomplete address information for the recipient, proceeds or uncashed dividend checks from bankruptcy cases, unclaimed seaman’s effects, dividends from stock certificates seized by federal agencies and criminal restitution or other fines may not have been claimed by the parties, agencies, next of kin, or other recipients entitled to them.

Local Bankruptcy Rule 3011-1, sets out the requirements for the deposit and the disposition of unclaimed funds.  Click to view the Local Bankruptcy Rule.

A completed Form W-9 with Addendum is recommended for the return of unclaimed funds, in accordance with Clerk policy.  Below are both the Form W-9, with Addendum and instructions for completing:

Click to access the U. S. Bankruptcy Unclaimed Funds Locator.  Select VAEB (Virginia Eastern Bankruptcy Court) from the court drop-down list and enter the applicable search criteria.


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