The Unclaimed Dividends Search System
Are you a creditor who thinks there may be unclaimed dividends due to you from a past
bankruptcy or proposal?
Welcome to the Unclaimed Dividends Search System. This is a new service
offered by the Office of the Superintendent of Bankruptcy. It allows you to quickly and
easily search our records for unclaimed dividends.
There are currently 51,705 records in the database with the total amount
of unclaimed dividends of $9,177,582. The largest single amount of an
unclaimed dividend is $179,636.
What is an Unclaimed Dividend?
Dividends are amounts payable to individuals and businesses who have been creditors
in either a bankruptcy or a proposal under the Bankruptcy and Insolvency Act.
Dividends are disbursed to creditors by either a private-sector trustee or a proposal
administrator. Normally, the distribution would take place upon the completion of a
bankruptcy; however, in a proposal, dividends may be distributed at various intervals
throughout its administration.
In some cases, the trustee may be unable to contact one or more of the creditors. This
usually happens if the creditor has relocated and has forgotten to inform the trustee.
If a creditor can't be located, the trustee is required by law to forward the unclaimed
dividend to the Office of the Superintendent of Bankruptcy where it is held in trust until
the rightful creditor comes forward to make the claim.
Please note that a Strategis Registration
is required to access the unclaimed dividends search facility.
If you wish to send us a comment, please contact: osb-bsf@ic.gc.ca
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