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 continues today, 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.

To date, notwithstanding significant opposition from recalcitrant insurers, Gilbert has recovered millions of dollars to compensate the debtor’s asbestos claims, while originating a process that will facilitate an equitable and expedient distribution of payments to asbestos claimants. Gilbert is currently engaged in a court-approved mediation process with many of the debtor’s remaining insurers.