Yarway Asbestos Trust Fund: Claim Types, Payments and Legal Options
Explore the foundation and workings of the Yarway Asbestos Personal Injury Trust. Delve into its origins, understand its procedures for claim submissions, and discover the mechanism for claim resolution.
Introduction to Yarway Asbestos Trust
Established in 2015 following the confirmation of Yarway Corporation's Chapter 11 Joint Plan of Reorganization, the Yarway Asbestos Personal Injury Trust aims to facilitate and handle asbestos-related personal injury claims in line with its Trust Distribution Procedures.
Yarway Asbestos Trust Purpose and Functions
The primary objective of the Yarway Asbestos Personal Injury Trust is to ensure the efficient processing and disbursement of genuine asbestos personal injury claims. Born out of the Yarway Corporation's reorganization strategy, this Trust operates as per set guidelines and principles outlined in the Trust Distribution Procedures. Its creation ensures that victims of asbestos-related injuries are provided an avenue to seek compensation.
Yarway Asbestos Trust Claim Submission and Resolution
Potential claimants can submit their claims to the Trust post-December 21, 2015. To streamline the process, the Trust has laid out specific protocols which encompass submission methods like electronic filing and the necessary documentation like the claim form. Between December 21, 2015, and June 20, 2016, any claims submitted are deemed to have been filed on the Initial Claim Filing Date, which is June 20, 2016.
Such claims undergo processing in the sequence determined by Section 5.1(a)(1) of the Trust Distribution Procedures. Pertinent resources, including submission guidelines, forms, and other relevant information, are readily accessible on the Trust's official website Resources page.
Yarway Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $55,000
- Individual Review: $150,000
- Ratio*: 27.5%
Lung Cancer Claims:
- Expedited Review: $17,500
- Individual Review: $40,000
- Ratio*: 27.5%
* 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.
Yarway Asbestos Products
- Adjustable Spray Head
- Air Control Valves
- Automatic Boiler Skimmer
- Cylinder Guided Expansion Joints
- Double-Tightening Valves
- Gun-Pakt Expansion Joints
- Hydraulic Valves
- Pipe-Joint Clamps (Simplex)
- Process Steam Traps
- Seatless (Simplex) Blow-off Valves
- Series 40 Steam Traps
- Starting and Pressure Unloader
- Tandem Blow-off Valves
- Wrought Steel Expansion Joints
Yarway 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.
Yarway Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to Yarway 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.
Lowe Law Group is Helping Asbestos Victims for Over 15 Years
Compassionate legal support and clear communication for mesothelioma cases.
$265 Million Recovered for Clients
(866) 968-7171
