Asbestos Bankruptcy Trust for Shook & Fletcher Insulation Co.
Shook & Fletcher Insulation Co.Shook & Fletcher Asbestos Settlement Trust
Filed 2002
An asbestos bankruptcy trust was filed for in 2002 for Shook & Fletcher Insulation Co., 4625 Valleydale Road Birmingham AL 35238 under the name Shook & Fletcher Asbestos 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.
Founded in 1901, Shook & Fletcher is a provider of industrial insulation materials. Along with many other companies in its industry, Shook & Fletcher used asbestos in its products before the dangers of inhaling this material were known. When the connection of asbestos to mesothelioma finally came to light in the 1970s, the company was slammed with lawsuits.
In 2002, citing approximately 80,000 asbestos-related lawsuits against it, Shook & Fletcher filed for bankruptcy under Chapter 11 of the US Bankruptcy Code. A quick reorganization and establishment of a trust to help resolve its asbestos-related debts allowed the company to emerge from bankruptcy within months.
For more information on this Asbestos Bankruptcy Trust, visit the Trust web site at http://www.mfrclaims.com/html/shook.html or call 215-702-8033Contact the asbestos lawyers at Clapper, Patti Schweizer & Mason for more information on the bankruptcy trust for Shook & Fletcher Insulation Co., or if you have any other questions regarding mesothelioma.