What Is an Asbestos Trust?
Bringing forward an injury claim against the company who is responsible for your exposure to asbestos is the one way that victims of mesothelioma and asbestosis often obtain compensation for damages. However, when a company files for bankruptcy, they are absolved of legal liability and are protected from lawsuits that would be filed against them.
The United States Bankruptcy Code has provisions for companies that dealt directly with asbestos products and who also want to declare bankruptcy. If the bankruptcy reorganization is successful, the U.S. Bankruptcy Code makes it a requirement to fund an asbestos trust. The fund must be large enough to provide financial compensation for current asbestos claims, as well as future claims. The court must approve the amount that is set aside for asbestos claims before the bankruptcy is granted, which tends to be a lengthy process.
Here is a list of companies that have established asbestos injury compensation trusts:
- A.B.B. Lummus Global Inc.
- AC & S
- A. P. Green Industries
- Abex Corporation
- Amatex Corporation
- Armstrong World Industries
- Babcock and Wilcox
- Bell Asbestos Mines
- Bestwall Gypsum
- Borg Warner Company
- C. E. Thurston & Sons
- Celotex
- Certainteed Corporation
- Combustion Engineering
- Congoleum Corporation
- Crown Cork and Seal
- Daimler Chrysler
- Dana Corporation
- Eagle Picher Industries Inc.
- Ehret Magnesia
- Federal Mogul Corporation
- Flexitallic Gasket Company
- Ford Motor Company
- Foseco
- Foster Wheeler
- GAF Corporation
- Garlock
- General Electric
- General Motors
- Gold Bond
- H. K. Porter Inc.
- Harbison Walker Refractories Co.
- Honeywell Heating
- Ingersoll Rand
- J T Thorpe
- John Crane
- Johns Manville
- Kaiser Aluminum
- Kelly Moore Paint Co.
- Kentile Floors
- Leslie Controls, Inc.
- Lincoln Electric
- M.H. Detrick Company
- Malleable Iron Range Company
- Metex
- Mergenthaler
- Minnesota Mining & Manufacturing
- Mobil Oil Corporation
- National Gypsum
- Nicolet Keasbey & Mattison
- North American Refractories
- Owens Corning Fiberglass
- Owens Illinois
- Pacor Incorporated
- Pittsburgh Corning
- Plant Insulation Company
- Plibrico Company
- Porter Hayden Company
- Rapid American Phillip Carey Manufacturing
- Raybestos Manhatten Raymark Industries
- Republic Powdered Metals
- Rock Wool Manufacturing Co.
- Rutland
- Shook and Fletcher
- Synkoloid Company
- The Flintkote Company
- Unarco
- Union Carbide
- W.R. Grace
- Western Macarthur
- Westinghouse Electric
Get Help Filing For an Asbestos Trust Compensation Claim
Filing for an asbestos trust compensation claim can be difficult, in much the same way as filing a court claim for compensation for mesothelioma, lung cancer or asbestos can be. You must be able to clearly show that you were injured by asbestos, and you must provide a solid link between you and the company from which you are requesting compensation. Some trusts may have a set of medical standards that must be met before a claimant can receive restitution out of the fund.
In order to successfully file an asbestos trust compensation claim, it is important to consult with a skilled California asbestos attorney. Not only can an experienced mesothelioma lawyer in California help you obtain the critical evidence you need to prove your claim, he or she can also guide you and your loved ones throughout the difficult process of obtaining treatment, insurance coverage, and additional compensation. In some cases, it may be prudent to file both an asbestos trust compensation claim
and an asbestos lawsuit.
Stephen Healy is a qualified asbestos attorney who has worked with victims of asbestos related diseases and their families for years. He has helped his clients obtain multi-million dollar settlements, and is personally dedicated to providing each of his clients and their families with the highest quality legal representation possible.
If you or a loved one have been diagnosed with asbestosis or mesothelioma, it’s important that you take action right away. Contact Attorney Healy today for a consultation by calling (844) 466-3768.