An asbestos bankruptcy trust was filed for in 1999 for Rock Wool Manufacturing Company, under the name Rock Wool Manufacturing 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.
Rock Wool Manufacturing Company was founded in 1943 and manufactures high temperature insulation for industrial, commercial, and marine uses. As with many others in its industry, Rock Wool used asbestos in its insulation. When the dangerous side effects of this product and its connection to mesothelioma became known, it was hit with thousands of lawsuits.
In 1996, Rock Wool voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code. Three years later, when the company emerged from bankruptcy, the Rock Wool Manufacturing Company Asbestos Trust was established to help it resolve any outstanding and future asbestos-related liabilities.
For more information on this Asbestos Bankruptcy Trust, visit the Trust web site at http://www.resasb.org/indexrw.htmContact the asbestos lawyers at Clapper, Patti Schweizer & Mason for more information on the bankruptcy trust for Rock Wool Manufacturing Company, or if you have any other questions regarding mesothelioma.