Celotex Trust

The Celotex Asbestos Settlement Trust was founded February 1, 1998 as a result of the bankruptcy of Celotex Corporation and Carey Canada Incorporated.

Originally, Celotex was a Delaware corporation reincorporated in 1964, which manufactured and distributed roofing and building products for residential and commercial use. Carey Canada, a wholly owned subsidiary of Celotex, was formerly engaged in the mining, milling and processing of asbestos fiber.

On October 12, 1990, Celotex Corporation and Carey Canada Incorporated filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Trust was created as a result of the bankruptcy. The Trust is organized to process, liquidate and pay all valid asbestos personal injury claims in accordance with the Claims Resolution Procedures (CRP) approved by the bankruptcy court.
As of June 23, 2023 the current IRC payment percentage is 7% of the gross settlement value.

There are two types of Celotex claims: Individualized Review Claims (IRC) and Discounted Cash Payment (DCP) claims.

The Celotex Asbestos Settlement Trust web site has readily accessible files for you to download.

View our page of claim deficiencies, and find out what's needed to resolve any issues you may be having with your claim.

The Trust has developed an interactive claims management tool that allows access to claimant information as never before.

Audit Notice-Cross Trust Audit Program