What Happens in a Pipefitter’s Case because Asbestos Companies are Bankrupt

The following is a selection from my eBook: What You Ought to Know: What Happens in a Mesothelioma Case

BANKRUPTCY

Certain companies which may be responsible for a Pipefitter’s asbestos exposure and disease are under the protection of various bankruptcy courts, which ultimately establish and monitor separate asbestos disease claims procedures. These companies include Johns-Manville, Eagle- Pitcher, Celotex, Pittsburgh Corning, Raybestos-Manhattan, Unarco, Keene Corporation, Babcock & Wilcox, Forty-Eight Insulation, Owens Corning, Fibreboard Corporation, W.R. Grace, GAF Corporation, Armstrong World Industries, H.K. Porter, Harbison-Walker Refractories, North American Refractories, U.S. Gypsum, National Gypsum, A.P. Green, Federal Mogul, Chicago Firebrick, Kaiser, U.S. Minerals Products and many others. In fact, 60 asbestos companies filed for Bankruptcy Court protection arguing that their net worth could not cover their liabilities for damages caused by their asbestos products. Claims procedures are now in place for certain companies, while others continue to proceed through the bankruptcy and re-organization process.

Generally speaking, the existence of an asbestos disease and exposure to the company’s asbestos products must be documented in order to pursue a claim in bankruptcy. Questions concerning specific qualifying criteria, the amount of compensation available, and the timing of payment are determined by the bankruptcy court.

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