Kentile Asbestos Trust Fund: Claim Types, Payments and Legal Options
The Metex Asbestos PI Trust was established in 2014 to process and pay out valid asbestos personal injury claims. This article sheds light on its purpose, claim submission process, and the guidelines for its functioning.
Introduction to Kentile Asbestos Trust
Established in 2014, the Metex Asbestos PI Trust is pivotal in addressing the repercussions of asbestos personal injuries. Emerging from the Metex Chapter 11 Joint Plan of Reorganization, the Trust ensures the efficient processing and compensation of valid claims following clear-cut procedures.
Kentile Asbestos Trust Purpose and Functions
The establishment of the Metex Asbestos PI Trust in 2014 was an outcome of the Metex Chapter 11 Joint Plan of Reorganization. Its principal goal is to process, assess, and disburse payments for legitimate asbestos personal injury claims. To streamline this process, the Trust operates according to the guidelines and norms in the Trust Distribution Procedures (TDP).
Kentile Asbestos Trust Claim Submission and Resolution
To lodge a claim, an individual needs to adhere to the policies and procedures set by the Trust, which are defined in the TDP. These policies detail the required claim form that acts as proof of claim with the Trust. The window for claim submission began on March 09, 2015. However, the Trust recognizes September 09, 2015, as the Initial Claim Filing Date.</p<
Any claims made between these dates will be regarded as filed on this initial date. It's crucial to note that claims will be processed sequentially, adhering to the order described in Section 5.1(a)(1) of the TDP.
Kentile Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $135,000
- Individual Review: $330,000
- Ratio*: 8.3%
Lung Cancer Claims:
- Expedited Review: $65,000
- Individual Review: $100,000
- Ratio*: 8.3%
* 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.
Kentile Asbestos Products
- Floors KenFlex Vinyl Asbestos Tile
- Floors Vinyl Sheet Flooring
Kentile 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.
Kentile Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Kentile 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.
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