Burns and Roe Asbestos Trust Fund: Claim Types, Payments and Legal Options
Unveiling the Burns and Roe Trust, dedicated to the efficient resolution of asbestos-related personal injury claims, formed after the company's reorganization plan in 2009.
Introduction to Burns and Roe Asbestos Trust
Established in 2009, the Burns and Roe Trust emerged as a commitment to address and manage valid asbestos-related personal injury claims. This was a decisive action following the Burns and Roe Chapter 11 Joint Plan of Reorganization.
Burns and Roe Asbestos Trust Purpose and Functions
The Trust's primary objective is to systematically process, liquidate, and disburse payments for genuine asbestos personal injury claims. This commitment is stringently based on the rules and guidelines of the Trust's Amended Distribution Procedures. To maintain clarity and streamline operations, the Trust meticulously devised and implemented policies that cater to the assessment and compensation of these claims.
Burns and Roe Asbestos Trust Claim Submission and Resolution
For those seeking compensation, an explicit claim form has been provided, which acts as the official proof of claim with the Trust. This form, along with detailed filing instructions and the required electronic filer agreement, is essential for submissions, especially electronic ones.
The window for submitting claims commenced on April 1, 2010. It's imperative to note that the Trust marked October 1, 2010, as the Initial Claim Filing Date. Therefore, any claims made between April and October 2010 are considered as submitted on the Initial Claim Filing Date. The systematic processing of these claims aligns with the specific order defined in Section 5.1(a)(1) of the Trust's distribution procedures.
Burns and Roe Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $60,000
- Individual Review: $500,000
- Ratio*: 36.87%
Lung Cancer Claims:
- Expedited Review: $30,000
- Individual Review: $200,000
- Ratio*: 36.87%
* 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.
Burns and Roe Asbestos Products
- Used Asbestos Products from Other Manufactures
Burns and Roe 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.
Burns and Roe Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Burns and Roe 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.
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