Porter Hayden Asbestos Trust Fund: Claim Types, Payments and Legal Options

Explore the details of the Porter Hayden Bodily Injury Trust, established in 2007 for resolving asbestos personal injury claims, encompassing its purpose, functions, and process claim submissions and resolutions.

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 Porter Hayden Asbestos Trust

In 2007, a significant step was taken in the realm of asbestos personal injury claims with the formation of the Porter Hayden Bodily Injury Trust. This establishment resulted from the Porter Hayden Chapter 11 Joint Plan of Reorganization. The Trust is aimed at managing, evaluating, and compensating legitimate asbestos injury claims.

Porter Hayden Asbestos Trust Purpose and Functions

The primary objective behind the creation of the Porter Hayden Bodily Injury Trust was to ensure that valid asbestos injury claims receive the attention and compensation they deserve. The Trust operates according to the guidelines set forth by its Trust Distribution Procedures (TDP). To streamline the processing and liquidation of claims, the Trust has set forth specific policies and procedures grounded in the principles of transparency and fairness.

Porter Hayden Asbestos Trust Claim Submission and Resolution

For individuals looking to file a claim with the Trust, a structured process has been laid out. Prospective claimants must fill out a specified claim form, which serves as proof of their claim. Alongside the claim form, other necessary documentation, such as the electronic filer agreement (for those submitting electronically) and a detailed copy of the TDP, can be accessed and downloaded from the Trust's official website under its Resources section.

Porter Hayden 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*: 1.8%

Lung Cancer Claims:

Expedited Review: $40,000
Individual Review: $60,000
Ratio*: 1.8%

* 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.

Porter Hayden Asbestos Products

Block insulation
Caulk
Firebrick
Insulated prefabricated conduit
Insulating cement
Putty
Wallboard

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.