Asbestos Bankruptcy Trust for Porter Hayden Co.
Porter Hayden Co.Porter Hayden Bodily Injury Trust
Filed 2007
An asbestos bankruptcy trust was filed for in 2007 for Porter Hayden Co., under the name Porter Hayden Bodily 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.
Porter-Hayden was formed in 1966 when Porter and Co. merged with Reid Hayden. Both of these companies were in the business of selling and installing insulation products. Along with many others in its industry, Porter-Hayden used asbestos.
The company faced its first asbestos-related lawsuit in the 1970s when awareness of the dangerous side effects of using this material became widespread. By 2002, it had over 58,000 claims against it and filed for protection under Chapter 11 of the US Bankruptcy Code. Following this, Porter-Hayden worked with the courts to develop a reorganization plan and when it emerged from bankruptcy in 2007, a personal injury trust was established to handle any outstanding or future asbestos-related claims.
For more information on this Asbestos Bankruptcy Trust, visit the Trust web site at http://www.porterhaydentrust.com/ or call 609-466-0427Contact the asbestos lawyers at Clapper, Patti Schweizer & Mason for more information on the bankruptcy trust for Porter Hayden Co., or if you have any other questions regarding mesothelioma.