An asbestos bankruptcy trust was filed for in 2005 for Combustion Engineering, under the name Combustion Engineering Asbestos Personal Injury 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.
Founded in 1912, Combustion Engineering was an engineering firm that developed power systems. Along with hundreds of other companies at the time, in the 1930s, it used asbestos insulation in its generators, pipe coverings, and boilers.
In 2003, Combustion Engineering filed for Chapter 11 protection under the US Bankruptcy Code. The reorganization plan proposed a way to efficiently handle the asbestos-related personal injury claims it was facing through a settlement trust.For more information on this Asbestos Bankruptcy Trust, visit the Trust web site at http://www.cetrust.org/ or call 214-969-4900