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Unclaimed Property in Chapter 9 and 11 Cases In Chapter 9 and 11 cases, the confirmed plan provides for the distribution of funds paid to creditors and a mechanism for handling monies that are returned unclaimed (see Disposition of Unclaimed Funds Under a Confirmed Plan). If the plan mechanism...

Yes. Company B filed for bankruptsy, and entered into an asset purchase agreement before dissolving. Company A was an Illinois company. I don't know what kind of dissolution they were. However, Company A *has* been reinstated (as if it was administratively dissolved) per Illinois statute...

For a person who dies with no heirs, the stock goes to the state. My question is if a company dissolves.

I think this is a kind of unique circumstance. At least I can't find any examples. This is a real situation. Company B acquires all the stock in Company A Company B goes bankrupt, sell most assets (including subsidiary assets) in an asset sales agreement, then dissolves. All subsidiaries...