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Asbestos Bankruptcy Funds & Trusts

Mesothelioma and Bankruptcy

For almost one hundred years asbestos was one of the most popular materials used for the manufacture of insulation and hundreds of industrial and construction products that needed to be flexible, fire resistant and tough. By the 1970s however the asbestos companies finally acknowledged the obvious: asbestos fibers can be extremely toxic when inhaled or ingested. Hundreds of thousands of people from across the globe had been impacted by asbestos related diseases, the worst of which is mesothelioma cancer.

Since the courts have held asbestos companies liable for health damages caused by their products an enormous number of claims have been filed against them for damages. Tens of thousands of Americans from asbestos miners to textile plant workers to Navy veterans who served aboard ship to auto brake shop employees, along with employees from many other industries developed asbestosis or mesothelioma cancer due to asbestos exposure.

Because asbestos use was so widespread and has ruined the health for so many people over 70 companies that were producers of asbestos or asbestos products filed for Chapter 11 bankruptcy. They are listed below for your reference, although in many cases the liability stems from a subsidiary not named in the list. The bankruptcy was not to liquidate the corporation, but rather for the purpose of protecting the company from asbestos liability claims, and to buy time to reorganize the business. Among the results of these bankruptcy filings are the mesothelioma bankruptcy trusts.

Mesothelioma Bankruptcy Trusts

The companies in asbestos bankruptcy sought a method of protecting themselves from unlimited liability in order to emerge from bankruptcy and return to normal corporate status. The solution for many of them has been to establish accounts held in escrow that pay off legitimate damage claims against the company through an administrative process. Once the fund is in place the court holds that the company is free from any further asbestos liability, paving the way for closure on the bankruptcy status. These are the mesothelioma bankruptcy trusts; in several cases they hold a billion dollars or more.

People who have developed an asbestos related disease no longer need to sue one or more of the asbestos companies; they can file a claim with the appropriate mesothelioma bankruptcy trust. The rules for filing a claim differ with every trust; while a lawsuit is no longer necessary for mesothelioma compensation it is still prudent to have an experienced attorney handle mesothelioma bankruptcy claims. It is up to the claimant to provide all of the medical evidence and employment records. Many mesothelioma bankruptcy claims are filed with more than one asbestos bankruptcy fund if an experienced attorney is involved.

Experienced, Fast Legal Help

If you have an asbestos related health problem and want experienced legal assistance filing asbestos bankruptcy trust claims give us a call at 1-800-490-6014 or fill out the brief form. People with any sort of asbestos related disease can file a claim with the mesothelioma bankruptcy trusts. Tell us about your experiences with asbestos exposure and we'll take it from there.

Company Year of Bankruptcy Filing

ABB Lummus Global 2006
A-Best Products 2002
ACandS, Inc. 2002
Amatex Corp. 1982
American Shipbuilding Co. 1993
Ancor Holdings/National Gypsum 1990
API Inc. 2005
Armstrong World Industries 2000
Artra Group, Inc. 2002
Asarco, Inc. 2005
Babcock & Wilcox Co. 2000
Brauer Supply Co. 2005
Brunswick Fabricators 1998
Burns & Roe 2001
Carey Canada, Inc. 1990
Cassiar Mines 1992
Celotex Corp. 1990
C.E. Thurston 2003
Christy Refractories Co. 2008
Combustion Engineering 2003
Congoleum Corp. 2003
Dana Corporation 2006
Delaware Insulations Distributors 1989
Dresser Industries/Halliburton 2003
Eagle Pitcher Industries 1991
EJ Bartells Co. 2001
Federal Mogul Corp. 2001
Flintkote Co. 2004
Forty-Eight Insulations 1985
Fuller-Austin Insulation Co. 1998
Gatke Corp. 1987
G-I Holdings 2001
GlT 2002
Harbison-Walker/AP Green 2002
Harnischfeger Corp. 1999
Hercules Chemical Co. 2008
Hillsborough Holdings 1989
H.K. Porter Co. 1991
Insul Co. 2001
Johns-Manville Corp. 1982
JP Stevens 2004
JT Thorpe 2002
Kaiser Aluminum Corp. 2002
Keene Corp. 1993
Kentile Floors Inc. 1992
Lake Asbestos of Quebec 2005
Lloyd E. Mitchell Co. 2006
McLean Industries 1986
M.H. Detrick 1998
Mid-Valley /Halliburton 2003
The Muralo Co. 2003
Murphy Marine Services 2001
North American Refractories Co. (NARCO) 2002
Nicolet, Inc. 1987
Ogelbay Norton (ONCO) 2004
Owens Corning/Fibreboard 2000
Pacific Insulation Co. 2007
Philadelphia Asbestos Corp. 1986
Pittsburgh Corning 2000
Plibrico Co. 2002
Porter-Hayden Co. 2002
Prudential Lines, Inc. 1986
Quigley Co. 2004
Raymark Corp./Raytech Corp. 1989
Rock Wool Manufacturing 1996
Rutland Fire Clay Co. 1999
Shook & Fletcher Insulation Co. 2002
Skinner Engine Co. 2001
Special Electric Co. 2004
Special Metals Corp. 2002
Standard Insulations, Inc. 1986
Swan Transportation Co. 2001
T H Agriculture & Nutrition 2008
Thorpe Insulation Co. 2007
Todd Shipyards 1987
Unarco Industries, Inc. 1982
United States Lines 1986
United States Mineral Products 2001
UNR Industries, Inc. 1982
USG Corp. 2001
Utex Industries 2004
Wallace & Gale 1984
Waterman Steamship Corp. 1983
Western Macarthur 2002
W.R. Grace Co. 2001

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