An asbestos bankruptcy trust was filed for in 2000 for Rutland Fire Clay Company, 38 Merchants Row P.O.Box 340 Rutland VT 05702-0340 under the name Rutland Fire Clay Company Asbestos 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 1883, The Rutland Fire Clay Company first began selling stove lining and stove polish. After World War II, it added other stove maintenance products to its catalog. Because most of what it sold needed to withstand high temperatures, it commonly used asbestos in manufacturing.
Facing over 50,000 lawsuits and $67 million in liabilities, in 1999, The Rutland Fire Clay Company sought protection under Chapter 11 of the US Bankruptcy Code. As part of its reorganization plan, in 2000, after emerging from bankruptcy, the Rutland Fire Clay Company Asbestos Trust was formed to resolve any unsolved or future asbestos claims against Rutland.