ARTRA Asbestos Trust Fund: Claim Types, Payments and Legal Options
Discover the formation, purpose, and procedures related to the ARTRA Asbestos Trust, established in 2007 to address asbestos injury claims. Get insights into the claim submission process and timelines.
Introduction to ARTRA Asbestos Trust
In 2007, following the confirmation of the ARTRA Group Chapter 11 Joint Plan of Reorganization, the ARTRA Asbestos Trust was founded. This Trust was set up with the primary aim of addressing and managing valid asbestos personal injury claims, guided by its distinct Trust Distribution Procedures.
ARTRA Asbestos Trust Purpose and Functions
The establishment of the ARTRA Asbestos Trust aimed to provide a streamlined method for the liquidation and payment of genuine asbestos-related injury claims. With its unique Trust Distribution Procedures (TDP) in place, the Trust ensures that the claims are managed efficiently and transparently.
ARTRA Asbestos Trust Claim Submission and Resolution
For those seeking to submit a claim, the Trust has outlined clear procedures. It mandates that a specific claim form be submitted as the formal proof of claim. Since its inception, the Trust began accepting claims on November 1, 2007. Notably, the Trust set an initial Claim Filing Date on May 1, 2008. This means any claims filed between November 1, 2007, and May 1, 2008, will be regarded as filed on this initial date. Following the guidelines detailed in Section 5.1(a)(1) of the TDP, the Trust prioritizes and processes the claims accordingly.
ARTRA Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $275,000
- Individual Review: $700,000
- Ratio*: 0.6%
Lung Cancer Claims:
- Expedited Review: $40,000
- Individual Review: $125,000
- Ratio*: 0.6%
* The trust funds ensure a fixed percentage of compensation known as a "ratio", which reserves funds for potential future victims based on the claim's worth.
ARTRA Asbestos Products
- EZE-Tex
- Flexi Patch
- Kool-Kap
- Plastibond
- Prime ‘N Fill
- Snohide
- Stucco & Cement Patch
- Surface Conditioner
- Synkoloid Triple Duty Joint Compound
- Synkoloid Tri Sodium Phosphate
- Synko Patch-all
- Synko Patch Rite Patching Plaster
- Synko Plaster of Paris
- Synko Prime-Rite Wall Size
- Synko Pumice
- Synko Spackling Powder
- Synko-Topping
- Synko Triple Duty Joint Cement and Texture
- Tex-Add
- Tex-Wall
- Vinyl Concrete & Masonry Patch
- Vinyl Prep Mix
- Vinyl Prime ‘N Fill
- Vinyl Roof Paint
- Vinyl Tex Wall Surface Conditioner Paste
ARTRA Trust Fund Asbestos Exposure Calculator
National average for mesothelioma lawsuit settlements typically range from $1.1 million to $1.5 million while lung cancer settlements may range between $150,000 and $350,000. Use Asbestos Compensation Calculator for a personalized compensation estimate.
ARTRA Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to ARTRA Asbestos Trust Fund. Follow a few quick steps to receive your personalized result in seconds.
Asbestos & Mesothelioma Law Firm Near You
National law firms, with their experience in handling cases and trust fund claims across the country, can be a smart choice. Opting for a nationwide firm means you'll have a team of lawyers who know the ins and outs of asbestos cases in every state. They'll figure out the best place to file your claim and make sure it's done within the legal deadlines, all to get you the maximum possible compensation.
Lowe Law Group is Helping Asbestos Victims for Over 15 Years
Compassionate legal support and clear communication for mesothelioma cases.
$265 Million Recovered for Clients
(866) 968-7171
