The Celotex Asbestos Settlement Trust was created to compensate people alleged to have been harmed by the asbestos products of Celotex. The existence of the trust reflects the resolution of the company’s asbestos liabilities in bankruptcy.

The Company and Its Bankruptcy

The Celotex Corporation, which had absorbed the Philip Carey asbestos business, resolved its asbestos liabilities through the Celotex Asbestos Settlement Trust, established in the late 1990s.

The Asbestos Products

According to asbestos litigation records, Celotex and its Philip Carey predecessor allegedly made pipe and block insulation, asbestos-cement products, roofing, and acoustic ceiling products alleged to contain asbestos, used across construction and industry.

What the Trust Covers

The trust pays qualifying claims from people alleged to have been exposed to Celotex or Philip Carey insulation and building products. Like other asbestos trust funds, it evaluates claims against its own published medical and exposure criteria and pays a scheduled value adjusted by a payment percentage. Whether a particular exposure history qualifies — and which trusts and defendants it may reach — is a case-specific question best evaluated by an experienced asbestos attorney.

Claims Are a Matter for an Experienced Attorney

Determining whether the Celotex Asbestos Settlement Trust applies to your situation, gathering the product-identification evidence involved, and pursuing a claim are not do-it-yourself tasks — they are the work of an experienced asbestos attorney, who can investigate an exposure history and identify every trust and defendant it may reach (a single history commonly reaches several). Browse the manufacturer and product database to see the materials involved.

Pipe Insulation · Ceiling Tile · Roofing Products

If you were diagnosed with mesothelioma or another asbestos-related disease and were exposed to Celotex products alleged to contain asbestos, an experienced asbestos attorney can evaluate whether you may have a claim against the Celotex Asbestos Settlement Trust or other trusts and defendants.

Product and trust references reflect allegations and outcomes documented in publicly filed asbestos bankruptcy proceedings and litigation. This information is published by an independent media organization — not a law firm — and is educational only. It does not constitute legal advice or provide legal services. No outcome is promised or guaranteed.