, Corbin, KY

Local News

November 27, 2012

Unclaimed property totals $300M in Ky.

Treasury office coming to Knox County Dec. 6

CORBIN — By John L. Ross / Staff Writer

Looking for a chance to give money away without tapping into your own finances?

Then come down to the Knox County Courthouse Dec. 6 and sign up to volunteer.

Just what are you volunteering to do?

Those signing up will be able to help get unclaimed property into the hands of its rightful owners.

According to Kentucky State Treasurer Todd Hollenbach, there is more than $300 million in the state’s coffers waiting to be claimed.

Hollenbach said the traditional route of searching for claimants to this property was “a passive approach.” He said the previous administration’s eight-year run brought $48.5 million of unclaimed property to the hands of owners or heirs.

However, since Hollenbach took the seat in 2008, he felt the Commonwealth needed to take more of a “proactive” approach in finding claimants.

That’s how the Treasure Finders Kentucky program was born.

This program is designed as a collaborative effort between the state, locally-elected officials and much-needed volunteers to help expedite the process of locating claimants to unclaimed property.

Unclaimed property includes personal property or financial assets such as abandoned saving and checking accounts, disbursement checks which have yet to be cashed or even items which have been either willed or discovered after the owner had deceased.

According to Hollenbach, in the first four years of this program’s implementation, “we’ve returned over $70 million to people in Kentucky.

“That’s the power of going local.”

However, there are still millions waiting to be claimed — including more than a half million owed to Knox County residents.

And that’s where volunteers will come into play. From 10 a.m. until 2 p.m. Thursday, Dec. 6, at the Knox County Courthouse, people may come to review the list of thousands of people and either find someone they know or themselves.

“(This) allows local folks to help locate folks in their communities,” Hollenbach said. “The chance we (at the state level) could find (claimants) were slim to none.”

When the office comes on Dec. 6, they’ll have a computer database with them to help coordinate the effort.

“You’d be amazed when the volunteers start reviewing the lists,” according to Hollenbach. “The hit rate we get is phenomenal.”

While he said some claims are very large, “most aren’t. The average amount is in the $200 range.”

He explained when these properties become labelled “unclaimed,” the monies go into Kentucky’s general fund, labelled as “contingent liabilities.” This means the state can use the money as it sees fit, with the knowledge that if a claimant comes forward, that money will be returned to them.

“We know we have to pay it back,” Hollenbach said.

Some of the unclaimed properties include a funeral urn with ashes, stamp collections, gun collections, a set of false teeth and various military medals.

Hollenbach wants people to know this is not a scam. He said when the government calls, most people figure they owe money for back taxes or something like that.

“(I) can’t blame people for being cynical,” he said. “But this is not a scam. (We want) to reunite people with their property.”

If interested people looking to see the listing can’t get there on Dec. 6, Hollenbach says don’t worry. “We’ll train whoever (Judge Executive J.M. Hall) designates,” he said. “We’re not a ‘one-hit wonder.’”

There is no additional cost to taxpayers, he added.

According to the website, eligible claimants will be helped through the identification process by Unclaimed Property Staff, and successful claims are usually processed in eight to 12 weeks.

For more information or to review the list, visit or call 1-800-465-4722. Whitley County and Laurel County are listed on the site, however, there is no detailed listing as of yet. According to the website, those lists are still in process to be added.

The treasury does require evidence to claim property. That could include birth or death certificates, proof of residency or evidence of a business relationship with the reporting company. All claims vary and the Unclaimed Property Division staff will determine case by case the evidence needed to process the claim.

Text Only
Local News
  • 0731 Brad Connell & Amanda Matthews at Sanders Park FOR WEB.jpg Made to honor

    While lunch hour traffic on Main Street headed north Wednesday, Amanda Matthews and Brad Connell were putting the final touches on their latest work of art.
    Inside Sanders Park — a place where visitors and local residents alike can stop to rest, as well as to honor the Corbin man who brought Kentucky Fried Chicken to the world — five large plaques had just been installed.

    July 31, 2014 1 Photo

  • Man wanted for stealing vehicle

    A Williamsburg man considered “possibly armed and dangerous” continues to be sought by officers with the Williamsburg Police Department.

    July 31, 2014

  • 0731 New home of Corbin Educational Center (former St. Camillus Academy) FOR WEB.jpg New life for a storied campus

    A new chapter in the Corbin Educational Center’s history has begun.
    It involves moving to a new location that’s had quite a few chapters of its own for more than 100 years.

    July 31, 2014 1 Photo

  • Robbery suspect turns himself in

    A man wanted for a Laurel County robbery turned himself in at the Mount Vernon Police Department Wednesday, according to Laurel County Sheriff John Root.

    July 31, 2014

  • POLICE ROUNDUP: Child wandering in traffic nearly struck by two cars

    Two men are facing charges after a child was left alone and wandered into traffic where she was nearly struck by two vehicles, according to Laurel County Sheriff John Root.

    July 31, 2014

  • Indiana fugitive captured in Flat Lick

    An Indiana fugitive was arrested in Flat Lick Sunday and now deputies are searching for the woman that was with him.

    July 31, 2014

  • TODAY'S HEADLINES β€” July 31, 2014

    Five bronze ‘legacy plaques’ installed at Sanders Park

    Man wanted for stealing vehicle

    Robbery suspect turns himself in

    Corbin Educational Center moves to St. Camillus Academy

    July 31, 2014

  • 18 arrested in drug roundup

    An 11-month long investigation into illegal drug activity resulted in 18 arrests Tuesday, according to Kentucky State Police Trooper Lloyd Cochran.

    July 30, 2014

  • Suspect wanted for assault

    Whitley County Sheriff’s deputies continue their search for a suspect wanted for first-degree assault after he allegedly intentionally struck a woman with his vehicle while she was walking Tuesday — and then simply drove away.

    July 30, 2014

  • Laurel service station robbed

    A Laurel County service station was robbed Tuesday and a station employee is the suspected robber, according to Laurel County Sheriff John Root.

    July 30, 2014

Front page
Featured Ads
AP Video
Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Twitter Updates
Follow us on twitter