(Part 2 of 2) The IL State Treasury has given back over $432 million since it took over the unclaimed money program in 1999, $84 million of which was returned in 2006 alone, but with 1.4 Billion dollars waiting to be claimed and more coming in every year, the pile of cash will continue to grow. (...)" />

June 18, 2009

Tracking Down Missing Money in IL – Part 2 of 2

(Part 2 of 2)

The IL State Treasury has given back over $432 million since it took over the unclaimed money program in 1999, $84 million of which was returned in 2006 alone, but with 1.4 Billion dollars waiting to be claimed and more coming in every year, the pile of cash will continue to grow.

Due to the fact that money is constantly added to the fund, it is important to check regularly, not just one time. Money belonging to you might be added tomorrow, or next week, or next month, or depending on the type of property in 5 years if that is the proper dormancy period. Each kind of property has its own dormancy period in each state, after which state laws make the holder turn it over to the state who will then hold on to it until the true owner steps forward to claim it.

Additionally, residents of IL might be owed unclaimed money in other states even if they have never resided in or even passed through them. Items like insurance overpayments when an employer uses an out of state insurance company can result in found money located in other states. Issues often also arise when corporations are incorporated in another state.

The bottom line is that the state of IL is currently home to a large amount of money that is owed to its residents who simply need to learn the proper ways to search, where to search, and how often to search. Learning these search tips from experienced funds locators in this field can give you a boost in your abilities to track down your money.

Barclaycard Reveals Huge Black Hole In Unclaimed UK Business Travel … – 24-7PressRelease.com
Barclaycard Commercial Business Travel Survey reveals nearly half a billion lost annually by UK business travellers NORTHAMPTON, ENGLAND, June 11, 2009 /24-7PressRelease/ — The new Barclaycard 13th Annual Commercial Business Travel Survey has …

Number of unclaimed bodies on the rise (The Morganton News Herald)
The economic recession has affected just about every aspect of life for the common person. For some, it's spilling over into death. Because of the tough times, some people are finding it hard to pay for funerals or cremations, so they are leaving the remains of loved ones unclaimed.

Attorney General tours state to draw attention to unclaimed property – Tribune-Star
TERRE HAUTE — Some Hoosiers may be entitled to money they don’t know about — perhaps from a utility escrow account while in college, or from a closed and forgotten account for a safe-deposit box. It could even be money from an undeliverable …

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