Bondex Asbestos Trust Fund: Claim Types, Payments and Legal Options

Learn about the Bondex Trust's purpose, functions, and the seamless process for asbestos personal injury claim submissions and resolutions.

Table of Contents
Introduction
Trust Purpose and Functions
Claim Submission and Resolution
Current Payment by Claim Types
Asbestos Products
Legal Options & Free Legal Consultation

Introduction to Bondex Asbestos Trust

The Bondex Trust is a pivotal institution that has been structured in alignment with the Joint Plan of Reorganization of various leading firms. Its primary objective is to address and manage asbestos-related personal injury claims, ensuring fairness and uniformity for all claimants.

Bondex Asbestos Trust Purpose and Functions

Established as an initiative under the combined plan of Specialty Products Holding Corp., Bondex International, Inc., Republic Powdered Metals, Inc., and NMBFiL, Inc., the Bondex Trust has been organized with a clear mission.

This trust's primary purpose is to efficiently process, liquidate, and compensate all genuine asbestos personal injury claims. This mission is carried out in strict accordance with the Trust Distribution Procedures (TDP) of the Specialty Products Holding Corporation. The TDP ensures that every claim under the Bondex Trust, whether currently existing or arising in the future, is treated with fairness, equity, and consistency.

Bondex Asbestos Trust Claim Submission and Resolution

For those interested in submitting claims or seeking further information, the Claims Processing Facility, Inc. serves as the primary point of contact.

Bondex Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $80,000
Individual Review: $300,000
Ratio*: 29.5%

Lung Cancer Claims:

Expedited Review: $33,333
Individual Review: $120,000
Ratio*: 29.5%

* 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.

Bondex Asbestos Products

100-A All Purpose Joint Cement
200-B All Purpose Joint Cement
500-C All Purpose Joint Cement
Alumanation 301
Alumanation 350
Aluminum Roof Coating
Block Filler and Primer
Bondek Black Mastic
Bondek Roof Cement
Bondek Roof Coating
Bontone Fibred Masonry Coating
Brod Dugan Red-I-Mix Joint Cement
Cook’s Lifeline All Purpose Texture Joint and Topping Cement
Dramex Interior Finish
Dramex Ready Mixed Interior Finish
Dramex Ready Mixed Textured Paint
Dramex Spanish Texturing Paint
Dramex Texture Paint
F.O. Pierce Dramex
Formula 1031
GSA Joint Compound
Handy Patch All Purpose Patcher
Heavy Duty Liquid Aluminum Roof Coating
Hi & Dri Joint Cement
Hi & Dri Topping Cement
Joint Compound
Metro Interior Finish (NYC only)
Metro Spanish Texture Paint (NYC only)
Metro Texturing (NYC only)
Mobil Home Aluminum Roof Coating
Multi-Patch
NPD All Purpose Joint Cement
NPD SX Joint Cement
NPD SX Joint Cement Combination (kit with joint tape)
Our Best Grade" Joint Cement
Penncraft Block Filler
Penncraft Joint Cement
Penncraft Pre-Mixed Joint Cement
Penncraft Water Putty
Perma-Plastic
Permaroof
"Premium Joint Compound"
Pre-Mixed Joint Cement
Reardon’s 500-C All Purpose Joint Cement
Reardon’s All Purpose Joint Cement
Reardon’s All Purpose Joint Topping and Texture Paint
Reardon’s Block Filler and Primer
Reardon’s Handy Patch All Purpose Patcher
Reardon’s Pre-Mixed Joint Cement
Reardon’s Ready-Mixed Joint Cement
Reardon’s SX Joint Cement
Reardon’s SX Topping Cement
Reardon’s Water Putty
"Stays White" Mobile Home Roof Coating
SX Joint Cement
SX Topping Cement
Trax Joint Cement
Trax Texture Paint
Trax Topping Cement
Wards All Purpose Joint Cement (Ready-Mixed)
Wards Texture
Wards Wood Putty
Water Putty (Wood Putty)

Asbestos Law Firms 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.