Illinois Notice of Need to File Proof of Claim Due to Recovery of Assets — B 204 is a legal document issued by the state of Illinois to alert individuals or entities of the requirement to submit a proof of claim due to the recovery of assets. This notice is typically associated with bankruptcy cases or situations where assets have been seized or recovered by the state. Keywords: 1. Notice of Need to File Proof of Claim: This phrase highlights the main purpose of the document, which is to inform recipients about the obligation to file a proof of claim. 2. Recovery of Assets: This term denotes the action taken by the state to regain possession of previously seized assets. It implies that the assets were previously lost or unlawfully obtained. 3. B 204: B 204 refers to the specific form or template used for the Notice of Need to File Proof of Claim in Illinois. It indicates that the document complies with Illinois state regulations and protocols. Different Types of Illinois Notice of Need to File Proof of Claim Due to Recovery of Assets — B 204: 1. Bankruptcy-related Notice: This type of notice is typically issued in bankruptcy cases, where the court allows creditors, debtors, or any other parties to file a proof of claim to assert their rights to the recovered assets. 2. Seizure-related Notice: In situations where assets have been seized by law enforcement agencies or governmental bodies, a Notice of Need to File Proof of Claim may be issued to potential claimants, alerting them of the opportunity to submit a claim before the assets are disposed of. 3. Unclaimed Property Notice: When the state recovers unclaimed or abandoned property, it may issue a Notice of Need to File Proof of Claim to potential owners, giving them an opportunity to assert their ownership rights and reclaim the recovered assets. In conclusion, the Illinois Notice of Need to File Proof of Claim Due to Recovery of Assets — B 204 is a legal document that serves to inform individuals or entities about the requirement to submit a proof of claim in relation to the recovery or seizure of assets. It is commonly associated with bankruptcy cases, asset seizures, and unclaimed property scenarios.