Thorpe Insulation Company and Pacific Insulation Company (both California corporations) emerged from bankruptcy this fall. Pursuant to an order of the United States Bankruptcy Court, Central District of California, and Los Angeles Division, the Thorpe Insulation Company Asbestos Settlement Trust (doing business as the Thorpe Insulation Settlement Trust) has been created to process the asbestos claims of these two entities. The Thorpe Insulation Settlement Trust will operate in Reno, Nevada. Thorpe Insulation Company’s asbestos related operations involved being a distributor of asbestos-containing thermal insulation products and a contractor installing and removing these products. Thorpe Insulation did work at Southern California oil refineries, power plants, and other major industrial sites. Thorpe Insulation Company also did work at commercial buildings, schools, hospitals and some shipyards.
This new trust should not be confused with other asbestos settlement trusts that have similar names and process asbestos claims for companies that also have the Thorpe name in their title. The following companies and trusts have no relationship to the Thorpe Insulation Settlement Trust: