Bankruptcy Trusts

Bankruptcy Trusts over $30 Billion in assets

According to the General Accounting Office, (GAO) of the U.S. Congress, “asbestos litigation arose out of millions of Americans’ lengthy occupational exposure to asbestos which is linked to malignant and nonmalignant diseases. Because of the prolific use of asbestos products in hundreds of manufactured products, involving thousands of companies, to date about 100 companies have declared bankruptcy at least partially due to asbestos-related liability. In accordance with Chapter 11 and 524(g) of the federal bankruptcy code, a company may transfer its liabilities and certain assets to an asbestos personal injury trust, which is then responsible for compensating present and future claimants.

Since 1988, 60 trusts have been established to pay claims with about $30 billion in total assets remaining”.

Additionally, the bankruptcy court requires an oversite of the assets and liability payouts by a trustee (s) responsible for the maintenance of the trust funds independent of the companies who established them. The asbestos trusts are privately managed and are generally comprised of at least one or more trustees, a trust advisory committee (TAC), and a future claimants’ representative (FCR). Trustees manage the daily operations of the trusts, including managing the trusts’ investments, hiring and supervising support staff and advisers, filing taxes, and submitting annual reports to the bankruptcy court, as required by the trusts’ TA.

Asbestos Trusts

T H. Agriculture	Year 2008	Year 2009	T. H. Agriculture and Nutrition, LLC Asbestos Personal Injury Trust	Active
ABB Lummus	Year 2006	Year 2006	524-G Lummus	Active
API	Year 2005	Year 2006	API Asbestos	Active
ASARCO	Year 2005	Year 2009	ASARCO Asbestos PI Settlement	Active
Brauer	Year 2005	Year 2007	524 G Brauer	Active
Lake Asbestos of Quebec	Year 2005	Unknown	ASARCO Asbestos PI Trust	Active
Utex	Year 2004	Year 2004	Utex Industries Trust	Active
CE Thurston	Year 2003	Year 2006	CE Thurston	Active
Combustion Engineer.	Year 2003	Year 2006	Combustion Engineering PI Tr.	Active
Congoleum	Year 2003	Year 2010	Plan: Congoleum	Active
Halliburton	Year 2003	Year 2004	DII Asbestos Personal Injury Trust	Active
A-Best Prod.	Year 2002	Year 2004	A-Best Asbestos Settlement Trust	Active
A C & S	Year 2002	Year 2008	AC&S Asbestos Settlement Trust	Active
ARTRA Group	Year 2002	Year 2007	ARTRA Asbestos Trust	Active
ACMC	Year 2002	Year 2003	NGC Bodily Inj Trust	Active
Global Industrial Tech.	Year 2002	Year 2007	DII Industries Asbestos PI Trust	Active
JT Thorpe	Year 2002	Year 2006	JTThorpe Settlement Trust	Active
Plibrico Co.	Year 2002	Year 2006	Plibrico Trust	Active
Porter-Hayden	Year 2002	Year 2006	Porter Hayden Injury Trust	Active
Shook & Fletcher	Year 2002	Year 2002	Shook & Fletcher Asbestos Trust	Active
Western MacArthur	Year 2002	Year 2004	Western Asbestos Trust	Active
G-1 Holdings	Year 2001	Year 2009	Asbestos PI Trust	Active
United States Mineral Prod.	Year 2001	Year 2005	US Mineral Products Asbestos PI Trust	Active
USG	Year 2001	Year 2006	US Gypsum Asbestos PI Trust	Active
Armstrong World Industr.	Year 2000	Year 2006	Armstrong World Industries Asbestos Pers. Inj. Settlem’t Trust	Active
Babcock & Wilcox	Year 2000	Year 2006	Babcock and Wilcox Company Asbestos PI Settlem. Trust	Active
Burns & Roe Enterprises	Year 2000	Year 2009	Burns & Roe Asbestos PI Sttlmt Tr.	Active
E. J. Bartells	Year 2000	Year 2001	Bartell’s Trust Settlement	Active
Conglomerate Fibreboard Owens Corning	Year 2000	Year 2006	Conglomerate Fibreboard Owens Corning Asbestos PI Trust Subfund	Active
Fibreboard	Year 2000	Year 2006	Fibreboard Asbestos PI Fibreboard Subf.	Active
Stone & Webster Eng.	2000	2004	Stone and Webster Asbestos Trust	Active
Asbestos & Insulation corp	Year 1999	Year 2005	A and I Asbestos Bodily Inj. Trust	Active
Lykes Brothers Steamship	Year 1995	Year 1997	Lykes Trust	Active
Keene	Year 1993	Year 1996	Keene Trust	Active
Eagle-Picher Industr.	Year 1991	Year 1996	Eagle-Picher PI Settlement Trust	Active
HK Porter	Year 1991	Year 1998	HK Porter Trust	Active
Carey Canada	Year 1990	Year 1996	Celotex Asbestos Trust	Active
Nat’l Gypsum	Year 1990	Year 1993	NGC Bodily Injury Trust	Active
Raymark	Year 1989	Year 2000	Raytech Asb. PI Settlem. Trust	Active
Pacor	Year 1986	Year 1989	Manville Personal Injury Settlement Trust	Active
Johns Manville	Year 1982	Year 1987	Manville Personal Injury Settlement Trust	Active
UNR Industr.	Year 1982	Year 1989	UNR Disease Settlement Claims Trust	Active

Muralo	Year 2003	Year 2007	Muralo Trust	Inactive
Rutland Fireclay	Year 1999	Year 2000	Rutland Fire Clay Company Asbestos	In-active
Fuller – Austin	Year 1998	Year 1998	Fuller-Austin Settlement Tr.	Inactive
MH Detrick	Year 1998	Year 2002	MH Detrick Asbestos Trust for Settlement	Inactive
Rock Wool Mfg	Year 1996	1999	Rock Wool Mfg Company Asbestos Trust	Inactive
McLean Ind.	Year 1986	Year 1989	US Lines & US Lines Inc. Reorg. Trust for Settlement	Inactive
US Lines	Year 1986	Year 1989	United States Lines, Inc. and United States Lines (S.A.) Inc. Reorganization Trust	Inactive
48 Insulations	Year 1985	Year 1995	Forty-Eight Insulations Qualified Settlement Trust	Inactive
Wallace & Gale	Year 1985	Year 1998	Wallace & Gale Co Asbestos Trust	Inactive
Amatex	Year 1982	Year 1990	Amatex Asbestos Disease Trust Fund	Inactive
Prudential Lines		Year 1989	PLI Disbursement	Inactive

Pacific Insulation	Year 2007	Year TBA	Thorpe Ins. Co Asbestos PI Settlem. Trust	Proposed
Thorpe Insul.	Year 2007	Year TBA	Thorpe Insulation Company Asbestos PI Settlemt Trust	Proposed
Flintkote	Year 2004	Year TBA	Flintkote Company And Flintkote Mines Limited Asbestos Pers. Injury Trust	Proposed
Pfizer	Year 2004	Year TBA	Quigley Co Inc. PI Trust	Proposed
AP Green	Year 2002	Year 2003	APG Asbestos Trust	Proposed
WR Grace	Year 2001	Year TBA	WR Grace & Company Asbestos PI Settlement Tr.	Proposed
Pittsb. Corning	Year 2000	Year TBA	Pittsburgh Corning Corporation Asbestos PI Trust	Proposed

Bondex	Year 2010	Year TBA	Not yet determined with name
Durable Mfg company	Year 2010	Year TBA	uncertain
Garlock Sealing Tech	Year 2010	Year TBA	no name yet
General Motors	Year 2009	Year TBA	uncertain future
Plant Insulation Co.	Year 2009	Year TBA
Christy Refract.	Year 2008	Year TBA
Hercules Chem.	Year 2008	Year 2009
Dana Corp.	Year 2006	Year 2007
Lloyd Mitchell	Year 2006	Year Unknown
ONCO	Year 2004	Year 2004
Special Elec.	Year 2004	Year 2006
Spec. Metals	Year 2002	Year 2003
Murphy Marine svcs.	Year 2001	Year 2002
Harnischfeger	Year 1999	Year 2001
Brunswick Fabr’s.	Year 1997	Year Unknown
American Ship building	Year 1993	Year 1994
Kentile Floors Co.	Year 1992	Year 1998
Delaware Insul’s.	Year 1989	Year 1992
Hillsborough Holding	Year 1989	Year 1995
Gatke	Year 1987	Year 1991
Nicolet	Year 1987	Year 1989
Todd Ship yards	Year 1987	Year Unknown
Standard Insulations	Year 1986	Year 1992
Water man Steam