JT Thorpe Asbestos Trust Fund: Claim Types, Payments and Legal Options

Discover the J.T. Thorpe Settlement Trust's history and function, created to handle asbestos claims for specific firms. Learn about its purpose, claims process, and unique qualities compared to other trusts.

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 JT Thorpe Asbestos Trust

In 2006, J.T. Thorpe, Inc. and its associates emerged from bankruptcy, forming the J.T. Thorpe Settlement Trust. This trust was created to manage and process asbestos claims for the corporations with significant industrial ventures across southern California.

JT Thorpe Asbestos Trust Purpose and Functions

The J.T. Thorpe Settlement Trust was established to process asbestos claims for specific entities. The trust is distinct from the "J.T. Thorpe Company Successor Trust" and only handles claims unrelated to the company's work in Texas and Louisiana. The J.T. Thorpe Settlement Trust has collaborated with the Western Asbestos Settlement Trust in Reno, Nevada, since its inception on June 29, 2006.

This collaboration allowed the J.T. Thorpe Settlement Trust to leverage the administrative prowess and claims-processing infrastructure of the Western Asbestos Settlement Trust, ensuring efficiency and economical operations that favor the best interests of both current and future claimants.

JT Thorpe Asbestos Trust Claim Submission and Resolution

For individuals or entities looking to submit a claim or resolve any query related to the trust, you can contact the J.T. Thorpe Settlement Trust directly.

JT Thorpe Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $102,647
Individual Review: $150,000
Ratio*: 90.0%

Lung Cancer Claims:

Expedited Review: $15,278
Individual Review: $40,000
Ratio*: 90.0%

* 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.

JT Thorpe Asbestos Products

Refractory products

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.