The Gori Law Firm
Get Your FREE Case Review 24 Hours A Day
888-362-6890
To protect your safety during the coronavirus (COVID-19) crisis, we offer telephone and video conferences, in addition to face-to-face meetings. Please contact our office today to set up a remote consultation.
More than $3 Billion Recovered For Our Clients

George V. Hamilton, Inc sets up asbestos bankruptcy trust

In 2015, George V. Hamilton, Inc, an insulation manufacturer and distributor, filed for Chapter 11 bankruptcy. It did so after thousands of former workers sued the company for exposing them to asbestos from 1940 through the 70s.

Asbestos is an extremely dangerous carcinogen and the only known cause of mesothelioma. It often takes decades for mesothelioma to develop, so many former Hamilton workers did not receive a diagnosis until recently.

In April, 2018, Hamilton exited Chapter 11 bankruptcy. Through bankruptcy, the company has set aside an asbestos bankruptcy trust against which workers and others exposed to asbestos can file a claim.

The company has continued to do business throughout the bankruptcy and will continue to operate now that the bankruptcy is complete. By filing, George V. Hamilton is free from future liability for mesothelioma claims. There is approximately $8 million set aside in the trust.

Asbestos bankruptcy trusts

George V. Hamilton, Inc., is by no means the first company to use bankruptcy to manage the significant legal liabilities it had from exposing workers to asbestos.

Through an asbestos bankruptcy trust, the company sets aside a significant amount of money for injured victims to file a claim against. Victims who can show they are eligible can then receive compensation for the significant medical expenses and other costs associated with mesothelioma, a terrible, incurable and fatal disease.

But by going through bankruptcy, the company remains operational and has a limit on how much money it will pay out to victims.

Filing a claim

For this reason, it is important than anyone suffering from mesothelioma file a claim against an asbestos bankruptcy trusts as soon as possible. Asbestos bankruptcy trusts have finite resources, and often include deadlines in which claimants must file.

If you or a loved one suffer from mesothelioma, contact a law firm with significant experience in pursuing claims against all applicable asbestos bankruptcy trusts.

No Comments

Leave a comment
Comment Information

Why Choose The Gori Law Firm?

  1. Experience

    With over 100 years of combined legal experience, we guide our clients through the litigation process by addressing questions and concerns and about the outcome every step of the way. Read More

  2. Results

    The team at The Gori Law Firm fights hard for clients, working to get the compensation and the settlement they deserve, obtaining over $3 billion in verdicts and settlements for our clients. Read More

  3. Team Approach

    We are more than just experienced attorneys: our team is also made up of highly trained paralegals and professionals specially trained to deal with the demands of these complex cases. Read More

  4. Faster Trial Dates

    We know that obtaining funds in a timely manner will help cover medical expenses. The Gori Law Firm works quickly to recover funds and secure the earliest possible trial dates on our client's behalf. Read More

Recognition

Super Lawyers Million Dollar Advocates Forum American Association for Justice
ABA - Defending Liberty - Pursuing Justice Illinois State Bar Association

Fill Out Our Form Today To Get A Free Case Review.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Get a Free Case Review Today

The Gori Law Firm News

The Gori Law Firm Donates to Several Area Food Pantries During the COVID-19 Crisis

Read More >

In The Community

The Gori Law Firm and Global Brew Raise More Than $20,000 at Recent Oktoberfest Event

More Community & Events >

Read Our White Paper

A Continuing Threat: How Deadly Legacy Of Asbestos Haunts Navy Veterans Today >
${site.data.firmName}

Edwardsville Office
The Gori Law Firm
156 North Main Street
Edwardsville, IL 62025
Edwardsville Law Office Map

Washington, DC Office
The Gori Law Firm
1875 Connecticut Ave. NW
10th Floor

Washington, DC 20009
Washington Law Office Map

New Orleans Office
The Gori Law Firm
909 Poydras Street, Suite 2195
New Orleans, LA 70112
New Orleans Law Office Map

Los Angeles Office
The Gori Law Firm
3878 Carson Street, Suite 210
Torrance, CA 90503
Torrance Law Office Map

New York Office
The Gori Law Firm
360 Lexington Avenue
20th Floor
New York, NY 10017
New York Law Office Map

Orlando Office
The Gori Law Firm
37 N. Orange Ave., Suite 1100F
Orlando, FL 32801
Orlando Law Office Map

Granite City Office
The Gori Law Firm
2862 Madison Avenue
Granite City, IL 62040
Granite City Law Office Map

Get Your FREE Case Review 24 Hours A Day 888-362-6890
Close X

Contact Us For A Free Case Assessment

Back To Top