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

Dive into an in-depth exploration of the Raytech Trust – its foundation following Raytech Corporation's bankruptcy, its central aim, and its comprehensive process for settling asbestos personal injury claims.

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 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: $152,799
Individual Review: $152,799
Ratio*: 0.92%

Lung Cancer Claims:

Expedited Review: $50,363
Individual Review: $50,363
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

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.