Asbestos Bankruptcy Trust for Fuller-Austin Insulation Co

Fuller-Austin Insulation Co, a subsidiary of DynCorp, was in the business of installing asbestos insulation in commercial properties and refineries in Texas and Louisiana. Fuller-Austin got out of the asbestos insulation business in approximately 1973 after federal law banned the use of asbestos insulation due to the health hazards associated with its use. Thereafter, Fuller-Austin switched its operations to asbestos removal.

In 1998, Fuller-Austin filed for bankruptcy protection in U.S. District Court in Delaware. The reorganization plan included creation of a trust into which all of Fuller-Austin's assets and insurance would be deposited and used to pay an estimated 77,000 asbestos personal-injury claimants through the year 2039.

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.

Contact the asbestos lawyers at Clapper, Patti Schweizer & Mason for more information on the bankruptcy trust for Fuller-Austin Insulation Co, or if you have any other questions regarding mesothelioma.