Raymark Asbestos Trust Fund Claim Types & Payments

Introduction to Raymark Asbestos Trust

When a corporation faces financial collapse, its responsibilities to its stakeholders don't merely vanish. In the case of Raytech Corporation, their declaration of bankruptcy led to the formation of the Raytech Trust. This article sheds light on the trust's purpose, operations, and how claims associated with asbestos personal injury are addressed.

Raymark Asbestos Trust Purpose and Functions

Established in the wake of Raytech Corporation's bankruptcy, the Raytech Trust plays a pivotal role in ensuring that victims of asbestos-related injuries linked to Raytech's operations receive their rightful compensations. The trust operates under the guidelines of the Raytech Third Amended and Restated Asbestos Personal Injury Settlement Trust Distribution Procedures. This ensures a standardized, fair, and transparent process for all stakeholders involved.

Raymark Asbestos Trust Claim Submission and Resolution

For those looking to submit claims or resolve any related disputes, there is a dedicated facility to assist. The Claims Processing Facility, Inc. is at the East-West Corporate Center, Naperville. Whether you're reaching out via the toll-free E-File line, local contact, or even fax, they offer comprehensive support to guide claimants through the process.

Raymark Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $179,760

Individual Review: $179,760

Ratio*: 0.92%

Lung Cancer Claims:

Expedited Review: $59,249

Individual Review: $59,249

Ratio*: 0.92%

* 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.

Raymark Asbestos Products

Aircraft parts

Aprons

Blankets

Brake linings

Brake lining sets

Brake pads

Brass rivets

Clutches

Clutch linings

Conveyor belts

Drum brakes

Felt

Fire curtains

Fire hose

Industrial belt drives

Laminated plastics

Packing material

Rope

Tape

Textiles

Valves

Yarn

Raymark 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.

Raymark Trust Fund Mesothelioma & Lung Cancer Compensation Calculator

Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Raymark 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.