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List of Asbestos Companies in Bankruptcy

Oct 02, 2015 · On behalf of Asbestos Network posted in Asbestos Bankruptcy on Friday, October 2, 2015. Filing a lawsuit against an asbestos company is not always an option. Around 60 asbestos companies have filed for bankruptcy and set up trusts to help them deal with the number of individuals who have been affected by their products.…

History of Asbestos Bankruptcies Crowell & Moring LLP

Current Issues in Asbestos Bankruptcies " The Garlock Estimation Decision: Why Allowing Debtors and Defendants Broad Access to Claimant Materials Could Help Promote the Integrity of the Civil Justice System," Norton Journal of Bankruptcy Law and Practice, Vol. 23, Issue 4 (August 2014).…

Asbestos: Think Again: 'Business as Usual' Bankruptcies

In addition to allowing asbestos companies to settle all future asbestos liability claims by filing Chapter 11 and establishing a special asbestos bankruptcy trust, known as a 524(g) trust, the law also grants courts the power to issue injunctions that prevent all asbestos litigation against the company and its subsidiaries from moving forward, a major benefit to companies with substantial liabilities (Bankruptcy ……