THAN Asbestos Trust Fund Claims

THAN Asbestos Trust Facts

Bankruptcy and Trust History

The official Trust website states that the T H Agriculture & Nutrition, L.L.C. Asbestos Personal Injury Trust was created in 2009 as a result of confirmation of the company’s Chapter 11 Plan of Reorganization. The Trust was established to process, liquidate and pay valid asbestos personal-injury claims under its Trust Distribution Procedures.

The 2024 annual report identifies the bankruptcy case as 08-14692-reg in the U.S. Bankruptcy Court for the Southern District of New York. It also states that the Trust was originally funded with $900 million in assets. That figure describes historical formation funding and is not presented as the Trust’s current asset balance.

Verus Claims Services, LLC continues to serve as the Trust’s asbestos claims-processing facility and claims administrator.

Who May Qualify for a THAN Claim?

The TDP establishes eight Disease Levels ranging from Mesothelioma through Other Asbestos Disease. Seven Disease Levels may qualify for Expedited Review, while Lung Cancer 2 requires Individual Review.

Eligibility depends on the claimed disease, medical documentation, qualifying THAN exposure and other TDP criteria. Claims in Disease Levels III, IV, V and VII must demonstrate Significant Occupational Exposure to satisfy the presumptive exposure requirements for Expedited Review.

The TDP also addresses Secondary Exposure Claims, Extraordinary Claims, Exigent Claims, Foreign Claims and other specialized claim categories.

Disease Levels and Claim Values

These are the values published in the official TDP. The TDP allows the Trustees, with required consent, to change valuation amounts for good cause and subject to amendment restrictions. Disease Level I is treated as a Cash Discount Payment and is not handled the same way as Disease Levels II–VIII.

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Current THAN Payment Percentage

The Trust’s current filing instructions and claim-review procedures state that the Payment Percentage is 15%. The official notices page identifies the governing Payment Percentage notice as dated April 22, 2020.

Except for Other Asbestos Disease Level I and other specifically stated exceptions, an approved claim is generally paid at its liquidated value multiplied by the applicable Payment Percentage, subject to the Maximum Annual Payment, Maximum Available Payment and Claims Payment Ratio provisions.

Mathematical illustration only — not a guaranteed payment.

• Mesothelioma Scheduled Value: $150,000 × 15% = $22,500.
• Lung Cancer 1 Scheduled Value: $65,000 × 15% = $9,750.
• Other Cancer Scheduled Value: $30,000 × 15% = $4,500.
• Severe Asbestosis Scheduled Value: $60,000 × 15% = $9,000.

Level I’s $500 Cash Discount Payment should not be multiplied by the general Payment Percentage as though it were a standard Scheduled Value payment.

Claim Filing and Review Procedures

The Trust provides Expedited Review for seven Disease Levels that satisfy the applicable presumptive Medical/Exposure Criteria. Qualifying Expedited Review claims are offered the Scheduled Value for the relevant Disease Level multiplied by the applicable Payment Percentage.

Individual Review is available for specified Disease Levels and is mandatory for Lung Cancer 2. Individual Review can produce a value below the Scheduled Value and generally cannot exceed the applicable Maximum Value unless a claim qualifies for Extraordinary Claim treatment under the TDP.

Claims are processed using FIFO procedures, and payment follows execution of the required release. The Trust’s filing instructions also describe electronic filing, documentation requirements and annual payment limitations.

Medical and Exposure Requirements

The TDP generally requires medical evidence sufficient to establish the claimed Disease Level and a 10-year latency period between first asbestos exposure and diagnosis.

Mesothelioma requires a qualifying diagnosis and THAN Exposure. The TDP’s Disease Level table states that Other Asbestos Disease Level I requires THAN Exposure before December 31, 1986. Other levels include additional exposure-duration and Significant Occupational Exposure requirements.

Exposure evidence may include credible product-identification evidence, employment records, affidavits, deposition testimony and other documentation permitted under the TDP and claim procedures.

2024 Financial and Claims Information

The Trust’s annual report filed April 29, 2025 includes audited special-purpose financial statements for the year ended December 31, 2024. It reports $234,764,603 in total assets, $1,129,162 in total liabilities and $233,635,441 in net claimants’ equity at year-end 2024.

During 2024, the Trust received 6,519 Asbestos PI Claims. Of those, 625 had been withdrawn, 3,900 deferred and 182 approved for payment as of the annual report, with the remainder still in process.

The annual report states that the Trust paid 880 claims totaling $13,105,258 during 2024. The accompanying narrative separately states that 873 Asbestos PI Claims totaling $12,634,658.10 were paid after application of the Payment Percentage, plus $470,600 in Qualified Asbestos PI Claims. The audited financial statement reconciles the combined total to 880 claims and $13,105,258.

From inception through December 31, 2024, the annual report states that the Trust had paid $393,275,330 on Qualified Asbestos PI Claims under TDP section 5.2 and $432,421,924 on Asbestos PI Claims liquidated under TDP section 5.3. These are separate categories and are not added together here as though they were necessarily mutually exclusive lifetime totals.

Confirmed Primary Sources for Trust Facts

No law-firm or lead-generation website was used as factual authority for this page. Primary Trust and bankruptcy materials reviewed include:

• Official T H Agriculture & Nutrition, L.L.C. Asbestos Personal Injury Trust website.
• Official Trust resource and claim-document library.
• Official Trust notices and annual-report page.
• Official Trust Distribution Procedures.
• Official claim filing instructions.
• Official 2024 Annual Report and audited special-purpose financial statements filed April 29, 2025.

Get Help Reviewing a THAN Asbestos Trust Claim

Call 800.291.0963

Live chat is available 24/7, 365 days a year.

Submit Your Case

Prior asbestos exposure does not automatically establish eligibility for a THAN trust claim or asbestos lawsuit. Eligibility depends on medical and exposure evidence, current Trust procedures, filing requirements and individual circumstances. Compensation is not guaranteed.