Who is Celotex and what is the Celotex Trust Fund?

 Celotex Corporation & Carey Canada Inc. manufactured insulation, roofing, flooring, and other general building materials known to contain asbestos. Founded in 1998, the Celotex Trust Fund is a sum of money set aside by Celotex Corporation & Carey Canada Inc. for those who have been diagnosed with an asbestos-related disease due to their exposure to Celotex products.

Both companies filed for bankruptcy due to the large number of asbestos-related lawsuits brought against them. To make sure these victims were compensated, the Celotex asbestos trust fund was established.

Asbestos was used across many different industries because it could increase durability and fireproof materials. Those who worked in the following occupations are most susceptible to asbestos exposure:

 

• • Auto motive shops

• • Firefighters

• • Power plant workers

• • Steel mill workers

• • Boiler room mechanics

Those who worked as manufacturers or used Celotex products could have been exposed to asbestos. Celotex Corporation & Carey Canada Inc. also produced cement and insulation products that were known to contain asbestos. Since the production of these materials necessitated high temperatures, asbestos fibers could embed into the clothing of the workers. Those who resided with employees could also be exposed to asbestos. Asbestos fibers can cling onto workers’ clothing. When the clothing is washed or generally agitated, the fibers can be re-released into the air and breathed in by household members. 

Symptoms of Mesothelioma

Symptoms of asbestos-related disease, such as mesothelioma, include:

 

• • Shortness of breath

• • Difficulty breathing

• • Chronic cough and fatigue

• • Unexplained weight loss

If you are experiencing any of these symptoms, see a healthcare provider as soon as possible for an evaluation.

How the Severity of Your Disease Impacts Your Settlement

Asbestos trust funds base your compensation on multiple factors. One main determinant of your settlement is the severity of your disease. Mesothelioma victims typically receive the largest settlements since it is the most severe and aggressive disease. Compensation amounts for asbestosis, lung cancer, and pleural plaques vary by case. Factors such as severity of symptoms and impact on life expectancy also play a part in settlement amount.

Other factors include:

 

• • How much and how long you were exposed to asbestos

• • Documentation linking your exposure to the company

Am I Eligible for the Celotex Trust Fund?

The best way to determine your eligibility for the Celotex Trust Fund or any trust fund is to consult a bankruptcy trust claims specialist. These specialists are well versed in filing claims with asbestos trust funds and can file your case properly. They can expedite the process, so you receive your settlement money quickly and without hassle. Trust claims specialists can also see if you are eligible for any other trust funds.

If you or a loved one has been diagnosed with mesothelioma, you may be eligible for financial compensation. For more information on mesothelioma and legal options, call (800) 505-6000 or fill out our contact form.