Celotex Asbestos Trust Fund: Claim Types, Payments and Legal Options
Dive into the history and purpose of the Celotex Asbestos Settlement Trust, established post-bankruptcy of Celotex Corporation and Carey Canada Incorporated. This piece covers its foundation, core functions, and the process of submitting and resolving asbestos-related claims.
Introduction to Celotex Asbestos Trust
The Celotex Asbestos Settlement Trust serves as a pivotal chapter in the legacy of the Celotex Corporation and its subsidiary, Carey Canada Incorporated. Established in the late 90s, this trust stands testament to the legal and health implications of asbestos-related products.
Celotex Asbestos Trust Purpose and Functions
Emerging on February 1, 1998, the Celotex Asbestos Settlement Trust was birthed from the financial upheaval of the Celotex Corporation and its subsidiary, Carey Canada Incorporated. Originally rooted in Delaware, Celotex's legacy lies in the production and distribution of roofing and construction materials for various sectors. Its subsidiary, Carey Canada, primarily focused on asbestos fiber processing activities.
When financial hardships struck in October 1990, leading both entities to seek Chapter 11 bankruptcy protection, the trust was formed as a remedy. Its primary function is to evaluate, settle, and disburse funds for legitimate asbestos-related personal injury claims, adhering strictly to the Claims Resolution Procedures sanctioned by the judiciary.
Celotex Asbestos Trust Claim Submission and Resolution
Those affected and seeking to submit claims against asbestos-induced injuries can approach the trust for potential resolutions. Adherence to the Claims Resolution Procedures ensures that each claim undergoes rigorous scrutiny, ensuring justice and fairness. Reach out directly to the Celotex Asbestos Settlement Trust through the details provided for efficient and empathetic claim-related support.
Celotex Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $90,068
- Individual Review: $126,857
- Ratio*: 7.0%
Lung Cancer Claims:
- Expedited Review: $19,205
- Individual Review: $38,642
- Ratio*: 7.0%
* 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.
Celotex Asbestos Products
- Asbestos Papers & RolI Boards
- Carey 7M Cement
- Carey Asbestos Cement
- Carey Asbestos Cloth
- Carey Asbestos Felt
- Carey Asbestos Insulating Ducts
- Carey Asbestos Millboar
- Carey Asbestos Rop
- Carey Asbestos Tank Jacket
- Carey Block
- Carey BTU Cement
- Carey Calcium Silicate Block
- Carey Calcium Silicate Pipecovering
- Carey Cell Block
- Carey Cell Pipecovering
- Carey Corrugated Asbestos Pape
- Carey Corrugated Asbestos Paper
- Carey Duct Adhesiv
- Carey Fibrous Adhesiv
- Carey Fibrous Adhesive
- Carey Fireclad Asbestos Paper
- Carey Firefoil Board
- Carey Firefoil Panel
- Carey Fireguard Asbestos Paper
- Carey Flex Boar
- Carey Insulating Cement
- Carey Insulation Duct
- Carey Insulation Seal
- Carey Marine Pane
- Carey Panel Board
- Carey Pipecovering
- Careystone Asbestos Cement Siding
- Careystone Roofing & Siding
- Careystone Sheathing
- Carey Super-Light 85% Magnesia Pipe Covering
- Careytemp Adhesiv
- Careytemp Block
- Careytemp Cement
- Carey Temp-Check PCB (Pipecovering
- Careytemp Finishing Cemen
- Careytemp Pipecovering
- Careytemp Pre-Molded Insulation
- Carey Thermaboard
- Carey Thermalit
- Carey Thermotex-B
- Carey Woolfelt
- Carey York Pipecovering
- Everlastic Flashing Cement
- Vitricel Asbestos Sheet
- Vitricel Cement No. 1
Celotex 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.
Celotex Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Celotex 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.
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