HQM & PV Delaware
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The Celotex Asbestos Settlement Trust was established on February 1, 1998, following the bankruptcy of Celotex Corporation and its subsidiary, Carey Canada Incorporated. Originally a Delaware corporation, Celotex manufactured roofing and building products, while Carey Canada was involved in asbestos fiber mining and processing.
The Trust is designed to process and pay valid asbestos personal injury claims in accordance with the Claims Resolution Procedures approved by the bankruptcy court. As of June 23, 2023, the current payment percentage for Individualized Review Claims is set at 7% of the gross settlement value.
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