Unclaimed Funds

Unclaimed Funds are monies paid by the bankruptcy trustee to the Bankruptcy Clerk. The Bankruptcy Clerk remains the custodian of the funds until the individual or entity who the funds are entitled, files and application to pay funds with the court.

Procedure

Unclaimed funds, otherwise known as undistributed funds or unclaimed property, results from checks to claimants not being cashed within ninety days of the final distribution. The trustee must, in accordance with 11 U.S.C. § 347(a), stop payment on these checks and then pay all such funds to the Court.

If, after payment has been stopped by the trustee, the claimant wishes to be paid, they must request these funds from the Court by preparing a motion and/or letter to the Court for the release of unclaimed funds. Individual debtors may claim the withdrawal of funds by filling out the application form found on this website. Requests for withdrawal should be filed electronically by attorneys. Debtors and creditors without attorney representation may file their requests either by visiting the Clerk’s Office or mailing their requests to the address found below.

UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF PUERTO RICO
JOSÉ V. TOLEDO FEDERAL BUILDING & US COURTHOUSE
300 RECINTO SUR, SUITE 134
SAN JUAN, PUERTO RICO 00901

All request for withdrawal of funds must be notified and accompanied by the required information and documentation as specified in Local Rule 3011-1 found on this web page. If so ordered by the Court, the Clerk shall process the payment. Thereafter, payment will be received by regular mail or electronic transfer approximately 45 days from entry of the order. For additional circumstances related to the withdrawal of unclaimed funds such as deceased claimants, please see our Local Rule 3011-1.

Requirements for Claim
Report: Available Unclaimed Funds
Form-Application Individual Debtors

Find Unclaimed Funds