Unclaimed funds are funds held by the court for an owner or recipient who is entitled to money, but who has not claimed ownership. Most unclaimed funds arise when dividends (assets) are distributed by the case trustee to creditors pursuant to settlement of a bankruptcy case, but the property goes unclaimed. All unclaimed funds paid into the court pursuant to 11 U.S.C. Section 347(a) shall be deposited in the United States Treasury.
Creditors desiring to recover funds previously submitted to the treasury as unclaimed may do so by filing (1) an Application for Payment, (2) a proposed order, (3) a certification of service of the application to the U.S. Attorney, and (4) proof of identity. For complete procedures, click here.
To search for Unclaimed Funds for the Northern District of Iowa, click here to obtain access to the U.S. Bankruptcy Unclaimed Funds Locator database.