Thorpe Insulation Asbestos Trust Fund: Claim Types, Payments and Legal Options
The Thorpe Insulation Settlement Trust was established post-bankruptcy to handle asbestos claims from the Thorpe Insulation Company and Pacific Insulation Company. This trust, specifically designed for these two California corporations, is separate and distinct from other similarly named trusts.
Introduction to Thorpe Insulation Asbestos Trust
The recent emergence from bankruptcy of the Thorpe Insulation Company and Pacific Insulation Company has led to the establishment of the Thorpe Insulation Settlement Trust. This article sheds light on the purpose and functionalities of this trust, clarifies potential confusion with other similarly named entities, and provides direct contact information for related queries.
Thorpe Insulation Asbestos Trust Purpose and Functions
Established under an order from the United States Bankruptcy Court in California, the Thorpe Insulation Settlement Trust serves as the central body to process asbestos-related claims for the Thorpe Insulation Company and the Pacific Insulation Company. As a part of its operations, the former was not only a distributor but also a contractor for asbestos-containing thermal insulation products. They have a significant history of working at various locations, from oil refineries in Southern California to schools, hospitals, and even some shipyards.
Thorpe Insulation Asbestos Trust Claim Submission and Resolution
Individuals or entities with claims related to the asbestos products of Thorpe Insulation Company and Pacific Insulation Company can direct their concerns to the Thorpe Insulation Settlement Trust, situated in Reno, Nevada. However, it's essential to understand the distinct identity of this trust to avoid confusion with other similarly named trusts and companies.
For clarity: The trust should not be mistaken for the "J.T. Thorpe Company Successor Trust" in Texas or the "J.T. Thorpe Settlement Trust" in Reno, Nevada, both of which cater to different companies with no relation to the Thorpe Insulation Company in California. Similarly, the "Thorpe Corporation" in Texas and "J.T. Thorpe & Son Inc." have no affiliations with the Thorpe Insulation Company, which primarily functioned in Southern California.
Thorpe Insulation Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $15,000
- Individual Review: $1,200,000
- Ratio*: 50.0%
Lung Cancer Claims:
- Expedited Review: $4,000
- Individual Review: $320,000
- Ratio*: 50.0%
* 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.
Thorpe Insulation Asbestos Products
- Construction Products
- Insulation Products
Thorpe Insulation 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.
Thorpe Insulation Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Thorpe Insulation 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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