Application for Payment of Unclaimed Funds or Small Dividend Procedure

The release of unclaimed funds may occur only after the claimant/filer :

1.

Submits for filing an Application for Payment of Unclaimed Funds or Small Dividend to the U.S. Bankruptcy Court with all of the required supporting documentation referred to in the Application.   

   

2.

Serves a copy of the Application for Payment of Unclaimed Funds or Small Dividend on the United States Attorney for the Central District of Illinois and attaches a Certificate of Service to the original Application filed with the U.S. Bankruptcy Court. The mailing address for the U.S. Attorney is 318 S. 6th Street, Springfield, IL 62701.

   
3. Proves the claimant's identity through at least one of the following methods:
 

a) An individual claimant may appear personally before the clerk of this court or the clerk's designee and provide documentation evidencing identity, such as an unexpired passport or valid driver's license.

b) An individual claimant, not appearing personally before the clerk of this court or the clerk's designee must file an Affidavit of Claimant with the certificate of a notary public. Such affidavit must bear the seal of the notary and indicate that the notary has examined the documents presented by the claimant/filer to establish identity. Such documents may include an unexpired passport or a valid driver's license.

c) A corporation representative appearing for the corporation must attach to the Application an affidavit of the Chief Executive Officer that such representation is a duly authorized representative of the corporation. If the creditor/claimant is a successor corporation, documents establishing the chain of ownership of the original corporate claimant must be provided as proof of entitlement to the unclaimed funds.

d) A representative of a deceased creditor/claimant must provide certified copies of all probate documents, including a copy of the death certificate, to substantiate the representative's right to act on behalf of the decedent's estate. An executor filing the application on behalf of a beneficiary must include a notarized copy of the Probate Order appointing him as executor.

e) If claimant is represented by an attorney-in-fact (attorney or "funds locator"), copies of power of attorney documents must be provided to ensure that proper authority has been granted. Proof of identity must also be submitted. See # 3(b) above. 

 

Additional proof of identity or entitlement to funds may be requested, if required, on a case-by-case basis. 

 

Any payment made to a claimant represented by an attorney will be issued to the claimant and mailed to the attorney or as ordered by the court.


Questions concerning these procedures should be directed to Benjamin Newman, Financial Assistant, U.S. Bankruptcy Court, Central District of Illinois, 226 U.S. Courthouse, 600 E. Monroe Street, Springfield, IL 62701, (217) 492-4551.