Treasury distributing unclaimed property notifications
The Pennsylvania Treasury will send out 40,000 notification letters in coming weeks to potential holders of unclaimed property, including businesses and individuals, the agency said Monday.
“We estimate 1 in 10 Pennsylvanians has unclaimed property,” Treasurer Rob McCord said in a statement.
Through ads, direct outreach and an online database, the bureau works to restore assets to their rightful owners.
In 2011-12, the Treasury’s Bureau of Unclaimed Property took custody of $234.6 million in unclaimed property abandoned at banks, businesses and other organizations throughout the commonwealth. The bureau’s unclaimed assets total $1.9 billion.
Read the July 20 Business Journal for a larger look at how much Pennsylvania is holding in unclaimed property and how you can get back what’s owed to you or your company.