Porter Hayden Company Asbestos Trust Fund Claims
The Porter Hayden Company Bodily Injury Trust was created in 2007 through confirmation of the Porter Hayden Company Chapter 11 Joint Plan of Reorganization. The Trust remains active and uses Verus Claims Services, LLC to administer asbestos personal-injury claims. The current official filing instructions publish an Initial Payment Percentage of 1.8% and show corresponding net Expedited Review payments, while the governing TDP permits the Trust to adjust the Payment Percentage over time. Because no later official Porter Hayden payment notice was located in the primary materials reviewed for this update, this page presents 1.8% as the Trust’s currently published payment basis in its filing instructions rather than overstating it as an independently reconfirmed later rate.
Porter Hayden Asbestos Trust Facts
| Official trust name | Porter Hayden Company Bodily Injury Trust |
|---|---|
| Associated debtor | Porter Hayden Company |
| Trust creation | 2007, following confirmation of the Porter Hayden Company Chapter 11 Joint Plan of Reorganization |
| Claims administrator | Verus Claims Services, LLC |
| Published Payment Percentage basis | 1.8% Initial Payment Percentage in current official filing instructions |
| Mesothelioma — Level V | $350,000 Scheduled / $400,000 Average / $750,000 Maximum |
| Lung Cancer — Level IV | $40,000 Scheduled / $45,000 Average / $60,000 Maximum |
| Other Cancer — Level III | $11,500 Scheduled / $13,000 Average / $17,000 Maximum |
| Disabling Severe Asbestosis — Level II | $40,000 Scheduled / $45,000 Average / $60,000 Maximum |
| Bilateral Asbestos-Related Disease — Level I | $8,750 Scheduled / $9,500 Average / $14,000 Maximum |
| Current status | Active; current official website, claim forms, filing instructions and Verus administration remain available |
Bankruptcy and Trust History
The official Trust website states that the Porter Hayden Company Bodily Injury Trust was created in 2007 as a result of confirmation of the Porter Hayden Company Chapter 11 Joint Plan of Reorganization. The Trust was organized to process, liquidate and pay valid asbestos personal-injury claims for which Porter Hayden has legal responsibility.
The governing TDP seeks substantially equivalent treatment for present and future claimants. It requires the Trust to review its Payment Percentage periodically and allows adjustments upward or downward based on estimates of assets, liabilities and present and future claims.
Historical trust-formation funding figures are not presented here as current assets. A sufficiently current public audited financial report establishing current Porter Hayden assets and cumulative payments was not located in the official materials reviewed.
Who May Qualify for a Porter Hayden Claim?
The current filing instructions recognize five Disease Levels: Mesothelioma, Lung Cancer, Other Cancer, Disabling Severe Asbestosis and Bilateral Asbestos-Related Disease.
Eligibility depends on the medical diagnosis, Porter Hayden asbestos exposure and any additional occupational exposure criteria required for the Disease Level. Claims may be filed electronically by registered law firms through Verus or submitted in hardcopy with the required supporting documentation.
The Trust also addresses Extraordinary Claims, Exigent Claims and Secondary Exposure Claims under the TDP.
Disease Levels and Claim Values
| Disease Level | Scheduled Value | Average Value | Maximum Value |
|---|---|---|---|
| Mesothelioma — Level V | $350,000 | $400,000 | $750,000 |
| Lung Cancer — Level IV | $40,000 | $45,000 | $60,000 |
| Other Cancer — Level III | $11,500 | $13,000 | $17,000 |
| Disabling Severe Asbestosis — Level II | $40,000 | $45,000 | $60,000 |
| Bilateral Asbestos-Related Disease — Level I | $8,750 | $9,500 | $14,000 |
These values are published in the Second Revised TDP adopted July 15, 2021 and reproduced in the Trust’s current filing instructions. Scheduled Values apply to qualifying Expedited Review claims. Average and Maximum Values are relevant to Individualized Review.
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Published Payment Percentage and Net Values
The Trust’s current official filing instructions state that the Initial Payment Percentage is 1.8% of liquidated value. The same instructions display the following net Expedited Review amounts:
- Mesothelioma: $350,000 × 1.8% = $6,300.
- Lung Cancer: $40,000 × 1.8% = $720.
- Other Cancer: $11,500 × 1.8% = $207.
- Disabling Severe Asbestosis: $40,000 × 1.8% = $720.
- Bilateral Asbestos-Related Disease: $8,750 × 1.8% = $157.50.
Mathematical illustration only — not a guaranteed payment. These figures match the official filing instructions, but the TDP expressly allows the Payment Percentage to change. No later official Porter Hayden payment-percentage notice was located in the primary sources reviewed, so this page does not claim that 1.8% has been separately re-adopted through a later notice.
Expedited and Individualized Review
Expedited Review is designed for claims that can readily satisfy the presumptive medical and exposure criteria. A qualifying claim receives the Scheduled Value assigned to its Disease Level, subject to the applicable Payment Percentage.
Individualized Review provides individual consideration of the claim and is available to claimants who do not meet the Expedited Review criteria or who elect individualized valuation. The Trust states that an Individualized Review claim can be valued below the Scheduled Value and is subject to the applicable Average and Maximum Values.
The Trust processes claims on an impartial first-in-first-out (FIFO) basis. The TDP also provides special procedures for Extraordinary Claims, Exigent Claims, Secondary Exposure Claims, arbitration and other disputed claims.
Medical and Exposure Requirements
Mesothelioma Level V requires diagnosis by a board-certified pathologist and Porter Hayden Asbestos Exposure. Lung Cancer Level IV requires primary lung cancer, at least six months of Porter Hayden Asbestos Exposure, Significant Occupational Exposure and medical support that asbestos was a contributing factor.
Other Cancer Level III covers specified primary cancers and requires an underlying bilateral asbestos-related nonmalignant disease, at least six months of Porter Hayden exposure, Significant Occupational Exposure and supporting causation evidence. The nonmalignant Disease Levels have additional radiographic, pulmonary-function and occupational exposure requirements.
The current filing instructions state that exposure may be supported by claimant, coworker or family affidavits, invoices, construction records or similar records. Medical proof can include pathology, physician reports, ILO readings, pulmonary-function testing, chest imaging and other documentation appropriate to the Disease Level.
Current Filing and Administration Status
The Trust remains operational. The official site provides current filing instructions, claim forms, an electronic filing agreement, law-firm registration materials, ACH authorization forms, approved job-site materials and other claim-processing documents.
Verus Claims Services, LLC is identified on the Trust’s current contact page as the claims administrator. Registered law firms may file electronically through the Verus system, while unrepresented claimants may submit signed claim forms and documentation by mail.
The current filing instructions also address statute-of-limitations rules, withdrawal and deferral of claims, releases and supporting documentation. Claimants should use the latest official materials when filing because claim policies and Payment Percentages may change over time.
Confirmed Primary Sources for Trust Facts
No law-firm or lead-generation website was used as factual authority for this page. Primary Trust materials reviewed include:
- Official Porter Hayden Company Bodily Injury Trust website.
- Official About the Trust page.
- Official Trust resources and claim-document library.
- Second Revised Porter Hayden Company Asbestos Trust Distribution Procedures, adopted July 15, 2021.
- Current official filing instructions for asbestos personal-injury claims.
- Official Trust contact and Verus claims-administration information.
Current audited asset totals, cumulative claims paid and lifetime dollars paid are omitted because sufficiently current primary-source financial reporting was not located in the public materials reviewed.
Related Asbestos Trust Fund Resources
Asbestos Trust Fund Information
Filing and Eligibility
Trust Rules and Administration
Frequently Asked Questions About the Porter Hayden Asbestos Trust
What is the official Porter Hayden trust name?
It is the Porter Hayden Company Bodily Injury Trust.
Is the Porter Hayden Trust active?
Yes. The Trust maintains a current official website, claim forms, filing instructions and Verus claims administration.
What Payment Percentage does Porter Hayden publish?
The current official filing instructions state an Initial Payment Percentage of 1.8% of liquidated value. Because the TDP permits later adjustments and no later official notice was located in this update, the page describes 1.8% as the published payment basis rather than overstating it as a separately reconfirmed later rate.
What is the Porter Hayden mesothelioma Scheduled Value?
The current TDP and filing instructions list a $350,000 Scheduled Value, $400,000 Average Value and $750,000 Maximum Value for Mesothelioma Level V.
What net mesothelioma amount is shown in the filing instructions?
The official filing instructions show $6,300 for a qualifying Expedited Review mesothelioma claim using the published 1.8% Initial Payment Percentage.
Does Porter Hayden offer Individualized Review?
Yes. Individualized Review provides claim-specific evaluation and uses the TDP’s Average and Maximum Values as part of the valuation framework.
How does Porter Hayden process claims?
The Trust states that claims are processed on an impartial first-in-first-out basis after a properly completed claim and supporting documentation are received.
Who administers Porter Hayden claims?
The official Trust contact page identifies Verus Claims Services, LLC as the claims administrator.
Get Help Reviewing a Porter Hayden Asbestos Claim
Call 800.291.0963
Live chat is available 24/7, 365 days a year.
Prior asbestos exposure does not automatically establish eligibility for a Porter Hayden trust claim or asbestos lawsuit. Eligibility depends on medical and exposure evidence, current Trust procedures, filing requirements and individual circumstances. Compensation is not guaranteed.
⚕️ Legal & Medical Information Disclaimer
This page provides general educational information and is not medical or legal advice. The information does not establish asbestos exposure, diagnosis, causation, liability, claim eligibility or compensation. Medical concerns should be discussed with a qualified healthcare professional, and legal questions should be reviewed with a qualified attorney.