Steven Kazan Founder Of Kazan Law The trusts – also referred to as asbestos bankruptcy trusts or asbestos compensation funds — are created under section 524(g) of the u.s. bankruptcy code – to cover current and future asbestos disease claims. the establishment of trusts also prevents victims of asbestos disease from filing lawsuits against the funding corporation. Asbestos bankruptcy trusts are a complex but important aspect of asbestos litigation. this is video of the presentation i was asked to give on how asbestos bankruptcy trusts work at the 2014 international mesothelioma interest group conference in cape town, south africa last month.
Asbestos Trusts 101 Steven Kazan U.s. bankruptcy code section 524 (g) mandates that these companies create asbestos trust funds to ensure that money is available to compensate future victims of asbestos related diseases caused by their negligence. Asbestos trust funds, also referred to as asbestos bankruptcy trusts and asbestos compensation funds, are one of the sources of compensation for people suffering from mesothelioma or other asbestos diseases. U.s. asbestos bankruptcy trusts explained by steven kazan. steven kazan's presentation on changes in the u.s. asbestos bankruptcy trust fund system at the 2014 annual conference of the international mesothelioma interest group (imig) in cape town, south africa. Steven has also successfully objected to bankruptcy and trust fund plans that were not structured fairly for asbestos victims. in 2003, he objected to boiler manufacturer combustion engineering’s plan to pay out more to early asbestos victims than to later victims.
Bankruptcy Trusts Jacksonville Mesothelioma U.s. asbestos bankruptcy trusts explained by steven kazan. steven kazan's presentation on changes in the u.s. asbestos bankruptcy trust fund system at the 2014 annual conference of the international mesothelioma interest group (imig) in cape town, south africa. Steven has also successfully objected to bankruptcy and trust fund plans that were not structured fairly for asbestos victims. in 2003, he objected to boiler manufacturer combustion engineering’s plan to pay out more to early asbestos victims than to later victims. Kazanlaw in this video kazan law founder steven kazan provides a summary of his imig published abstract on asbestos bankruptcy trusts. included is. For him, shifting his focus from trying asbestos cases to advising and overseeing the asbestos bankruptcy trusts feels as if he gets to play every day. “i’m in the same place, but i’m doing something different,” he explained. Currently, steven serves on two dozen committees for advising these trusts, including owens corning fibreboard asbestos personal injury settlement trust, celotex asbestos settlement trust and w.r. grace asbestos pi trust.