Asbestos Bankruptcy Trust for Asarco, Inc.
Asarco, Inc.Asarco Asbestos Personal Injury Settlement Trust
Filed 2005
An asbestos bankruptcy trust was filed for in 2005 for Asarco, Inc., 5285 E. Williams Circle, Suite 2000 Tucson AZ 85711 under the name Asarco Asbestos Personal Injury Settlement Trust. Asbestos bankruptcy trusts are typically set up so that people who become victims of asbestos exposure can potentially obtain financial compensation for any illness incurred as a result of such exposure, including mesothelioma.
By the late 1990s, several Asarco subsidiaries had been named in thousands of asbestos lawsuits around the country. In 2005, the debtors filed for protection under Chapter 11. The restructuring of the company established a bankruptcy trust to handle the claims. The trust was funded with about $1 billion to compensate the victims.
For more information on this Asbestos Bankruptcy Trust, visit the Trust web site at https://www.asarcoreorg.com/Contact the asbestos lawyers at Clapper, Patti Schweizer & Mason for more information on the bankruptcy trust for Asarco, Inc., or if you have any other questions regarding mesothelioma.