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

Learn about the US Gypsum Asbestos Personal Injury Settlement Trust: its establishment, primary purpose, and the procedures for 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 USG Asbestos Trust

The US Gypsum Asbestos Personal Injury Settlement Trust (USG Asbestos Trust) was founded under the Chapter 11 provision of the US Bankruptcy Code, specifically to address asbestos-related claims linked to the USG Company.

USG Asbestos Trust Purpose and Functions

The core function of the USG Asbestos Trust is to settle valid asbestos injury claims against specific defendants and their associated parties. This is carried out following the Trust Distribution Procedures (TDP), which received approval from the bankruptcy court. The key intent of providing this information online is to enlighten claimants and the public about the operations of the USG Asbestos Trust and its mechanism for addressing claims. The Trust officially started processing claims from February 19, 2007, 10:00 A.M. EST onwards.

USG Asbestos Trust Claim Submission and Resolution

For those interested in the nitty-gritty of claim filing, the TDP1 document can be accessed on the Trust's official website. This document provides comprehensive details, including the timeline and methodology for submitting claims to the Trust.

USG Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $155,000
Individual Review: $450,000
Ratio*: 12.7%

Lung Cancer Claims:

Expedited Review: $45,000
Individual Review: $100,000
Ratio*: 12.7%

* 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.

USG Asbestos Products

Asbestos Felts & Covering
Asbestos Paper
Audicote Acoustical Plaster
Bondcrete
Ceiling Tile
Cement Plaster Regular
Corrugated Cool Felt Air C. Covering
Corrugated Wool Felt Covering
Durabond 90 Joint Compound
Durabond Joint Compound
Firecode Plaster
Glatex Asbestos Cement Siding
Gypsum Woodfibre Plaster
Hi-Lite Acoustical Plaster
Imperial Gypsum Cement Plaster
Imperial Plaster
Imperial Tape
Oriental Exterior Stucco Finish Coat
Perf-A-Tape Compound
Perf-A-Tape Joint System
Pipe Coverings
Pyrobar Mortar Mix
Pyrobestos PC Board & Stack Lining
Range Boiler Jackets Pipe Covering
Red Top Cement Plaster
Red Top Firecode Plaster
Red Top Gypsum Plaster
Red Top Patching Plaster
Red Top Plaster
Rigid Block Insulation (Generic)
Roofing Products
Sabinite Acoustical Plaster
“Sheetrock” Texture
Siding Shingles
Spraydon Fireproofing Plaster
Spray Texture Paint/Finish
Structolite
Structo-lite Perlited Gypsum Plaster
Super Hard Spray
Texolite
Textone
Texture Paint
Thermalux (Generic)

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.