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

Dive into an insightful guide on the Congoleum Plan Trust: its formation, main objectives, and how claims related to asbestos injuries are processed.

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 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
Cushionflor
Cushionflor Supreme
Dynasty
Dynasty Vinyl
Fashionflor
Fashionflor Cushioned Inlaid Vinyl
Fashionflor Cushioned Vinyl
Firechek Bulletin Board Cork
Flor-Ever
Flor-Ever Commercial Vinyl
Flor-Ever Deluxe Vinyl
Flor-Ever Vinyl
Flor-Ever Vinyl Tile
Flor-Ever Vinyl Top
Gold Seal Asphalt Tile
Gold Seal Nairon Custom Tile
Gold Seal Nairon Deluxe
Gold Seal Nairon Standard
Gold Seal Nairon Standard Tile
Gold Seal Vinylbest Tile
Gold Seal Vinyl Inlaids
Gold Seal Vinyl Nairon Standard
Gold Seal Vinyl Tile
Highlight
Highlight Cushioned Vinyl
Inlaid Cushion Vinyl
Inlaid Vinyl
Luxury Cushioned Vinyl
Nairn Asphalt Tile
Nairn Custom Tiffany Vinyl Tile
Nairn Custom Vinyl Dynasty Tiles and Tile Inserts
Nairn Custom Vinyl Tile
New Dimension Cushioned Vinyl
Pacemaker
Pacemaker Cushioned Vinyl
Pavillion
Peerless Cushioned Vinyl
Prestige
Profile
Reflection
Reflection 2
Sequin
Solid Seal Vinyl Inlaids
Spacemaker Seamless Cushioned Vinyl
Spacemaker Wide Width
Spring
Spring Luxury Cushioned Vinyl
Textured Inlaid Vinyl
The Now Floor Cushioned Vinyl
Ultraflor
Ultraflor Esteem
Ultraflor Imperial
Ultraflor Majestic
Ultraflor Regal
Villager
Villager Vinyl
Vinyl Asbestos Tile
Vinylbest
Vinylbest Tile
Vinyl Cushioned
Vinyl Cushionflor

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.