TheTimesTribune.com, Corbin, KY

Homepage

December 7, 2012

Hundreds flock to courthouse in response to Treasure Finders program

CORBIN — By John L. Ross/Staff Writer

Excited chatter and giddy chuckles were among the unusual sounds heard Thursday at the Knox County Courthouse.

That’s because representatives from the Kentucky State Treasury Department brought a “treasure chest” of information which could help unclaimed property get to its rightful owners.

Local volunteers aided with the “treasure hunt.”

Todd Hollenbach, state treasurer, began the Treasure Finders Kentucky program after taking office in 2008, saying more than $300 million in unclaimed property currently held by the state needs to get to its rightful owners.

Hollenbach said more than a half million of that is owed to some Knox County residents.

And many of those residents came to the courthouse Thursday.

“We had a steady stream of people all morning,” Hollenbach said. “And then they started flooding in.”

He said probably at least 100 people came in. “We’ve had lots of people,” he said. “We’ve really got some good Christmas cheer going on in here — and with the Christmas tree right outside.”

Several people who came found out there was unclaimed property of which they were unaware. “One woman found out she had about $16,000 owed to her,” Hollenbach said. “We’ve had some nice (claims).”

He said the reactions can vary, but there is one constant. “Most everybody when they find out (there’s unclaimed property) are really shocked, especially when many families really need it right now,” Hollenbach said.

He said he plans to come back soon. “The response from the people in Knox County has been so friendly and appreciative, I’m probably going to make it a priority to come back to this area,” Hollenbach said.

But for those unable to attend Thursday’s event, Hollenbach said that would not be the only chance potential claimants will have for unclaimed property.

Knox County Judge Executive J.M. Hall had said he planned to have someone in the county designated to assist folks in reviewing the state’s database. The designated person would be trained on the state’s system, at no cost to taxpayers.

Hollenbach said as the county lists are finalized, they are added to the kytreasury.com website to be reviewed by potential claimants. He said Whitley and Laurel counties have yet to be complete, but that the state does have approximately half the state’s 120 counties listed.

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.

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.

According to the www.treasury.ky.gov 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 kytreasury.com or call 800-465-4722. The treasury department 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.

1
Text Only
Homepage
0721 flower show 3521.jpg

Local News
Local Sports
  • Tripped Up: Tough loss follows Saturday's walk-off win

    By Chris Parsons
    Sports Editor
    BOWLING GREEN — The Corbin Little League All Stars began the 2014 State Tournament with as exciting a finish as any baseball fan could hope for, but struggled on day two, falling to 1-1 after the first two days.

    July 21, 2014

  • Comeback Effort: Knox County recovers from 24-0 loss, grabs 4-2 win in pool play

    By Chris Parsons
    Sports Editor
    BOWLING GREEN — After what could have turned in to a demoralizing 24-0 loss to Eastern to start State Tournament pool play Saturday, the Knox County 11-year-old All Stars recovered nicely Sunday, picking up a 4-2 win over Paintsville.

    July 21, 2014

Editorials
Features
0708 Kelsey White Miss Ky.jpg

Kelsey White

  • Local woman vyes for Miss Kentucky crown

    A Williamsburg woman is among the 32 contestants representing local scholarship pageants from across the state who will vye for the title of Miss Kentucky 2014. 

    July 8, 2014 1 Photo

Letters
Entertainment
  • July’s jumpin’ in Downtown Corbin

    After Thursday’s fun, festivities and fireworks during the Independence Day Block Party, how do you top the month best known as the sizzling center of summer?

    July 7, 2014

Front page
Featured Ads
AP Video
US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Obama Offers Condolences at Dutch Embassy Cat Fans Lap Up Feline Film Festival Raw: Lawmakers Scuffle in Ukraine's Parliament The Rock Finds His Inner 'Hercules' Michigan Plant's Goal: Flower and Die Raw: MH17 Passenger Remains in Kharkiv, Ukraine Raw: Israel Hits Gaza Targets, Destroys Mosques ShowBiz Minute: Hoffman, Oberst, Box Office WWII Vet Gets Medals, 70 Years Late Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Facebook