(PRWEB) February 07, 2012
Clapper, Patti, Schweizer & Mason (CPSM), a leading mesothelioma law firm, is pleased to announce the recently updated section of their website to reflect the latest developments in the W.R. Grace Bankruptcy plan. Last month, CPSM completely redesigned the bankruptcy section of their website so that those diagnosed with mesothelioma, asbestosis or asbestos related cancer could more easily understand the key components of filing for an asbestos bankruptcy claim.
This past week, they updated the site to reflect the latest development in W.R. Grace’s reorganization plan. After more than a decade, asbestos bankruptcy Judge Judith Fitzgerald of the U.S. Bankruptcy Court for the District of Delaware has approved W.R. Grace’s reorganization plan, (In re: W.R. Grace & Co, U.S. District Court, District of Delaware, No. 11-00199 and W.R. Grace & Co, U.S. Bankruptcy Court, District of Delaware, No. 01-01139) easing the way for those injured by asbestos to finally pursue compensation for asbestos-related lawsuits and claims. The final step remaining now is a confirmation order by the district court, which is anticipated to occur rather quickly in the next month or two.
The impact of this approval is that those injured by asbestos products related to Grace and their surviving family members can now file their claims against the company, and if the claims are approved, receive significant payments for their illnesses and loss of life.
When a company files for bankruptcy, they can no longer be sued in the tort system and all lawsuits and claims are suspended pending a decision by the Bankruptcy Court, which must approve of a plan of reorganization. W.R. Grace first sought bankruptcy protection in 2001, when increasing numbers of asbestos personal-injury claims drove them to seek Chapter 11 relief. Asbestos companies seeking to reorganize must include a way to process, liquidate and pay all valid asbestos personal injury claims against it, usually accomplished by setting up an Asbestos Bankruptcy Trust.
Because of the high number of asbestos companies that have filed for bankruptcy, many who are diagnosed with mesothelioma, asbestosis or asbestos cancer, have a right to file a claim in bankruptcy court. Although getting compensation through filing a claim can sometimes be easier than filing a lawsuit, the process of proving your claim can be complicated and is best handled by a mesothelioma law firm that has attorneys who exclusively handle these types of cases. Their expertise in handling asbestos bankruptcy claims make them very successful in getting the highest awards in the least amount of time possible.
About Clapper, Patti, Schweizer & Mason
The attorneys at CPSM have been exclusively handling mesothelioma lawsuits for over thirty years and are considered experts in representing clients exposed to and injured by asbestos containing products. If you or a loved one has been diagnosed with mesothelioma, call today at 1-800-440-4262 to speak directly to one of our asbestos attorneys and receive a free case evaluation. Our firm is dedicated to helping you, and will answer any questions you may have about W.R. Grace bankruptcy or any other asbestos company bankruptcy trust. Please visit our website for more comprehensive information about filing an asbestos bankruptcy trust claim.