Last month, the Metex Manufacturing Corporation, better known by its former name of Kentile Floors, opened its asbestos trust fund, and is now accepting claims. Both personal injury and deaths claims are accepted.
According to court documents, Metex established the asbestos trust fund under a Chapter 11 Bankruptcy Code. The trust fund opened up for claims on March 9, 2015, but the initial claim filing date begins on September 9, 2015. Therefore, people who file their claims between March 9-September 19 will be considered filed “with the Trust on the Initial Claim Filing Date,” according to the trust fund’s official website.
More About Kentile Floors and Asbestos
Kentile Floors was a floor manufacturing company that once used an excessive amount of asbestos in its products. Based out of Brooklyn, New York, the company expanded its business to various different states in the nation throughout 40 years. By the 1990s, thousands of people who developed asbestos-related illnesses due to the company’s products, began filing mesothelioma lawsuits and other asbestos claims against the company.
On November 20, 1992, Kentile Floors filed for Chapter 11 bankruptcy, and in December, 1998, emerged from bankruptcy and started a reorganization plan. By this time, Metex Manufacturing Corporation had acquired Kentile Floors and took on all of its asbestos-related claims. Over the course of the next decade, Metex settled around 10,000 Kentile Floor’s pending asbestos claims and lawsuits.
By 2012, however, the mounting asbestos-related claims proved too much for Metex Manufacturing to handle. The company filed again for Chapter 11 bankruptcy, but part of the reorganization plan included setting up an asbestos trust fund. When Metex emerged from bankruptcy, the Metex Asbestos PI Trust was created. There are currently thousands of active asbestos-related claims against the company.
The asbestos trust fund was “designed to provide fair, equitable and substantially similar treatment for all Asbestos PI Claims that may presently exist or may arise in the future.”
Qualifications for The Metex Asbestos PI Trust
According the trust fund’s official website, claimants must have one of 8 Scheduled Disease levels, which include:
- Lung Cancer 1 (Level VII)
- Mesothelioma (Level VIII)
- Other Cancer (Level V)
- Severe Asbestosis (Level IV)
- Asbestosis/Pleural Disease (Level III)
- Asbestosis/Pleural Disease (Level II)
- Other Asbestos Disease (Level I)
The trust also accepts those who worked at Kentile Floors under the following occupations:
- Ripout workers (asbestos abatement)
- Floor Tile and Linoleum layers
- Tile Grinders
- Tile Installers
- Tile Helpers
- Tile Layers
- Tile Workers
If your occupation isn’t listed on the official claim form, you can still apply, but will need to provide information regarding your occupation and how you were exposed to asbestos. Additionally, claimants have the option of choosing either an expedited review or an individual review. If you are unfamiliar with expedited and individual reviews, a mesothelioma attorney can help you figure out which option is best for you.
Additional Information and Resources for Asbestos Victims
If you or a loved one were diagnosed with mesothelioma or any other illness due to asbestos exposure, keep in mind that you may be entitled to substantial compensation. We invite you to fill out our contact form today to get free brochures from the top mesothelioma lawyers in your area. For more than 20 years, we’ve been helping families successfully connect with the best mesothelioma attorneys. With over $30 billion currently in asbestos trust funds, now is the right time to take the first step in determining what you may qualify for. If you have questions or need assistance, contact us 800-694-4856.