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State seizes unclaimed property for overdue child support

On Behalf of | Mar 27, 2012 | Child Support

Divorced parents in Pennsylvania who have problems obtaining the child support payments rightfully due to their children from the paying parent know how difficult this process can be sometimes. It can be even more difficult to obtain this often relied-upon child support when the paying parent refuses to uphold their part of the bargain, and even more difficult if the paying parent can’t even be located.

Luckily, the Pennsylvania Treasury has been working to begin to correct part of this problem by means of redirecting seized property from a child support-owing parent for the benefit of the child for whom this money is due.

The Pennsylvania Treasurer says with the help of the Department of Public Welfare, the Treasury has redirected over $110,000 in unclaimed property for the benefit of children who have been denied child support. Most often this money comes in the form of forgotten stocks, abandoned bank accounts, and safe deposit boxes belonging to those owing back due child support payments. It is estimated that there is roughly $1.8 billion in unclaimed property in the state, and when applicable the state is working to turn this money over to those who deserve it.

Child support payments for families in Pennsylvania and across the country are often important to the day-to-day lives of those who receive these payments. Because of this, it is even more important that these court-ordered payments are upheld, whether a government entity has to step in or not. Families not receiving the child support payments they deserve benefit from knowing their rights and what processes they may be able to pursue in order to get the payments they need and deserve.

The Pennsylvania Treasurer says with the help of the Department of Public Welfare, the Treasury has redirected over $110,000 in unclaimed property for the benefit of children who have been denied child support. Most often this money comes in the form of forgotten stocks, abandoned bank accounts, and safe deposit boxes belonging to those owing back due child support payments. It is estimated that there is roughly $1.8 billion in unclaimed property in the state, and when applicable the state is working to turn this money over to those who deserve it.

Child support payments for families in Pennsylvania and across the country are often important to the day-to-day lives of those who receive these payments. Because of this, it is even more important that these court-ordered payments are upheld, whether a government entity has to step in or not. Families not receiving the child support payments they deserve benefit from knowing their rights and what processes they may be able to pursue in order to get the payments they need and deserve.

Source: Pennsylvania Treasury, “PA Treasurer McCord Says Over $110,000 in Unclaimed Property Seized For Overdue Child Support via Partnership with Department of Public Welfare,” March 6, 2012

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