Determine quickly and easily if unclaimed dividends from a bankruptcy are owed to you 24-hours-a-day, 7-days-a-week! The Unclaimed Dividends Search Service On-line national database has over 10 million dollars in unclaimed dividends from bankruptcies.
There are currently 62 702 records in the database with the total amount of unclaimed dividends of $10 973 351. The largest single amount of an unclaimed dividend is $179 636.
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 (OSB) where it is held in trust until the rightful creditor comes forward to make the claim.
Please note that an Industry Canada User Account is required to access the unclaimed dividends search facility.
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