In the case of a bankruptcy, dividends allocated to creditors in the estate asset distribution exercise remain at times unclaimed.<\/p>\n
This situation can occur for various reasons. The trustee may have sent the dividend payment to the creditor\u2019s last known address who may have moved without notice of an address change. It may also occur that funds are available for distribution but that creditors may have decided not to prove their claim. However, when he closes his file, the Trustee must dispose of any unclaimed dividends. He remits them to the Office of the Superintendent of Bankruptcy Canada (OSB) which will hold them for a possible claim by those creditors for whom they are intended.<\/strong><\/p>\n Before explaining how a creditor or his representative can retrieve an unclaimed dividend that should have been allocated to him, let\u2019s first determine how to receive one\u2019s share of the estate funds by following the normal procedural sequence.<\/p>\n Creditors must always:<\/p>\n If the proof of claim has not been submitted to the estate Trustee, recovering unclaimed dividends will not be possible.<\/strong><\/p>\nHow to obtain one\u2019s share of the estate fund?<\/h2>\n
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What to do if you have not received your dividend?<\/h2>\n