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

Understand the Plibrico Asbestos Trust's establishment, its purpose in handling asbestos claims, and the process for submitting and resolving these claims. Discover essential contact details and how the Trust functions under the guidance of a dedicated team.

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 Plibrico Asbestos Trust

The Plibrico Asbestos Trust, due to the reorganization of Plibrico Company and its associated entities, plays a vital role in addressing asbestos exposure claims. Established in 2006, the Trust stands as a beacon of fairness, offering transparency and equitable resolutions to all involved.

Plibrico Asbestos Trust Purpose and Functions

Founded on March 8, 2006, due to the Chapter 11 reorganization of the Plibrico Company and its affiliates, the Plibrico Asbestos Trust's core objective is to provide fair resolutions for personal injury claims stemming from asbestos exposure linked to products of the Plibrico entities. To ensure that every claimant gets a fair share of their claim's value, the Trust adheres to a methodical approach, processing and paying claims on a non-biased, first-come-first-serve basis.

Authorized by a Federal District Court, the Trust operates transparently, making all its operational and administrative documents available to the public. Furthermore, registered law firms have the privilege of accessing the Trust's online filing system for a more streamlined process. The Trust operates under the diligent administration of a Trustee. The operations are further refined with insights from a five-member Trust Advisory Committee and a court-designated Futures Representative.

Plibrico Asbestos Trust Claim Submission and Resolution

For individuals seeking to place a claim, the Trust provides comprehensive instructions on the official website, ensuring that the process is as straightforward as possible. Law firms, having undergone the registration process, can expediently access and file claims online, emphasizing the Trust's commitment to efficiency and accessibility.

Plibrico Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $350,000
Individual Review: $750,000
Ratio*: 0.88%

Lung Cancer Claims:

Expedited Review: $120,000
Individual Review: $200,000
Ratio*: 0.88%

* 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.

Plibrico Asbestos Products

Demon high-temperature cement
Plibrico jointless firebrick
Plibrico Plicast and Air Set

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.