Congoleum Asbestos Trust Fund Claim Types & Payments

Introduction to Congoleum Asbestos Trust

In 2010, a pivotal shift happened in the asbestos personal injury claim world: the inception of the Congoleum Plan Trust. This establishment emerged from the finalization of the Congoleum Corporation's Chapter 11 Reorganization Plan, serving as a hub for processing and settling valid claims related to asbestos-inflicted injuries.

Congoleum Asbestos Trust Purpose and Functions

The primary role of the Congoleum Plan Trust is not just the processing of claims but also their liquidation and subsequent payment. These actions adhere strictly to guidelines set out in the Trust's Amended Trust Distribution Procedures (often abbreviated as "TDP"). The TDP doesn't just function as a rulebook; it also ensures transparency and clarity in how claims are addressed and settled.

Congoleum Asbestos Trust Claim Submission and Resolution

Submitting a claim to the Trust isn't a mere action; it's a structured process. The Trust, following the TDP's guidance, has established robust policies that govern how asbestos personal injury claims are received, assessed, and ultimately paid. This detailed approach encompasses specific forms that claimants must submit as a testament to their claim. Additionally, there's a provision for electronic submissions, ensuring a seamless process for claimants familiar with the digital world.

Congoleum Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $120,000

Individual Review: $720,000

Ratio*: 8.76%

Lung Cancer Claims:

Expedited Review: $40,000

Individual Review: $240,000

Ratio*: 8.76%

* 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.

Congoleum Asbestos Products

Asbestos Tiles

Asphalt Tiles

Builderflor

Commercial Vinyl Flooring

Cushioned Inlaid Vinyl

Cushioned Vinyl

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Cushionflor Supreme

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Vinyl Asbestos Tile

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Congoleum 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.

Congoleum Trust Fund Mesothelioma & Lung Cancer Compensation Calculator

Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Congoleum 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.