Brand
Get Your FREE Case Review 24 Hours A Day
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.
Arrow
Mesothelioma
& Asbestos
Mesothelioma
& Asbestos

Learn more about mesothelioma, symptoms & treatment, frequently asked questions and more.
Arrow
Mesothelioma
& Asbestos
Mesothelioma
& Asbestos

Learn more about mesothelioma, symptoms & treatment, frequently asked questions and more.
Arrow
Mass Torts, Defective Drugs & Products
Mass Torts, Defective Drugs & Products
We help victims of dangerous drugs (Actos, Mirena, Lipitor, etc.) and faulty devices (hip implants, pacemakers, etc.)
Arrow
Mass Torts, Defective Drugs & Products
Mass Torts, Defective Drugs & Products
We help victims of dangerous drugs (Actos, Mirena, Lipitor, etc.) and faulty devices (hip implants, pacemakers, etc.)
Arrow
Personal Injury &
Workers' Compensation
Personal Injury &
Workers' Compensation

We help clients who need assistance with work-related injuries linked to asbestos and other serious problems.
Arrow
Personal Injury &
Workers' Compensation
Personal Injury &
Workers' Compensation

We help clients who need assistance with work-related injuries linked to asbestos and other serious problems.

George V. Hamilton, Inc sets up asbestos bankruptcy trust

| May 3, 2018 | Uncategorized |

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.

Mesothelioma Lawyers and Personal Injury Attorneys
Get a Free Case Review!

Archives

FindLaw Network

Why Choose The Gori Law Firm?

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

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

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

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.

Get a Free Case Review Today