At Least 54% of Unclaimed Funds From Bankruptcy Proceedings Are Never Distributed to Eligible Creditors
Bankruptcy courts hold over $200 million that creditors never claim, often because of outdated addresses and overlooked notices.
Category Bankruptcy
At Least 54% of Unclaimed Funds From Bankruptcy Proceedings Are Never Distributed to Eligible Creditors
Vast sums allocated through bankruptcy proceedings never reach the creditors owed payment, due to fees, claim deadlines, and procedural gaps.