Trustees Report Of Deposit Of Unclaimed Funds {U-3}

Form U3 - TRUSTEE'S REPORT OF DEPOSIT OF UNCLAIMED FUNDS. This form is used in the United States Bankruptcy Court for the Northern District of Illinois by a Chapter 7, 11, 12, or 13 bankruptcy trustee to notify the court of funds that could not be delivered to creditors or other payees during the case administration. The report explains that distribution checks were either returned as undeliverable, not cashed within 90 days, or not issued due to minimal dollar thresholds set by court rules. The trustee affirms having made reasonable and good faith efforts to locate the payees by checking court records, correspondence, and public or paid databases. After unsuccessful attempts, the trustee stops payment on the checks and deposits the unclaimed funds into the court’s registry in compliance with 11 U.S.C. § 347. www.FormsWorkflow.com