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.

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 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

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.