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

October 20, 2009

Locate Lost Money in Illinois – Part 2 of 2

(Part 2 of 2)

The Illinois State Treasury has returned over 432 million dollars since it took control of the unclaimed funds program in 1999, 84 million dollars of which was given back in 2006 alone, but with $1.4 Billion waiting to be claimed and more coming in all the time, the heap of cash will continue to grow.

Due to the fact that money is constantly added to the fund, it's very important to search regularly, not just one time. Money owed to you could 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 type of asset has its own dormancy period in each state, after which state laws require the holder to turn it over to the state who will then hold it until the rightful owner comes forward to claim it.

Additionally, residents of Illinois may be owed unclaimed funds in other states even if they have never resided in or even set foot in them. Items like insurance overpayments when an employer utilizes an out of state insurance company can result in found money located in other states. Also, issues often arise when corporations' headquarters are in another state.

The bottom line is that the state of Illinois is currently holding a large amount of money that belongs to its residents who simply need to learn the correct ways to search, where to search, and how often to search. Learning these search methods from locators with years of experience in this field can greatly enhance your abilities to track down your money.

Unclaimed bonds pit states vs. fed. govt. (Fort Wayne News-Sentinel)
HELENA, Mont. #8212; The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading to a showdown between states that say they should be given the money and a Treasury Department that claims ownership.

Feds sued over unclaimed WWII-era bonds (Detroit News)
The federal government is facing a lawsuit over billions in unclaimed bonds that date to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and the Treasury Department, which claims ownership.

Last Call for Unclaimed Money – NBC San Diego
If you are one of the thousands of residents owed money by the county, your time to claim it is about to be out. County Treasurer-Tax and Tax Collector Dan McAllister said Thursday that about 2,000 people and corporations around San Diego have until …

Feds sued over unclaimed WWII-era bonds – detnews.com
Helena, Mont. — The federal government is facing a lawsuit over billions in unclaimed bonds that date to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and the Treasury …

Permalink • Print • Comment

Trackback uri

http://www.illinois-unclaimed-money.com/blog/2009/10/20/locate-lost-money-in-illinois-part-2-of-2/trackback/

Leave a Comment