Asbestos-Related Chapter 7 Bankruptcy

Gilbert LLP continues to be at the forefront of resolving complex disputes between financially distressed policyholders and their insurers.

Gilbert’s pioneering work in this area was exemplified through its representation of a Chapter 7 bankruptcy trustee for a former insulation manufacturer responsible for marshaling assets to fund thousands of asbestos-related personal injury claims.

Notwithstanding significant opposition from recalcitrant insurers, Gilbert recovered tens of millions of dollars to compensate the debtor’s asbestos claims, while originating a process that allowed for an equitable and expedient distribution of payments to asbestos claimants.