Fairbanks Personal Injury Trust

The Fairbanks Personal Injury Trust was established in January 2023 following the confirmation of the Joint Plan of Reorganization of Fairbanks International, Inc. The trust was initially funded with $47.85 million and began accepting claims on July 17, 2023. As of 2024, the payment percentage was set at 10%.

History

Founded in 1887, the Fairbanks Company manufactures manual material handling equipment at its Rome, Georgia facility. In earlier years, the company also engineered, sold, and distributed iron and bronze valves containing asbestos packing material. This material was used for insulation and sealing purposes.

Unfortunately, prolonged exposure to this asbestos material resulted in serious health issues for many users and employees, including severe respiratory conditions and fatalities. To address current and future claims, Fairbanks filed for bankruptcy in 2018. After approval of its Chapter 11 reorganization plan, the Fairbanks Personal Injury Trust was created in 2023.

Why Choose Us for Your Asbestos Exposure Claim?

Free No-Obligation Review

We provide free no-obligation asbestos exposure case review

Contingency Representation

We work on a contingency basis, meaning there are no fees unless we collect for you

Expertise In Asbestos & Mesothelioma Lawsuits

We have experience winning claims against huge multi-national corporations

Eligibility and Claim Process

To file a claim with the Trust, claimants must submit a completed Claim Form. Claims are processed in the order received following a First-In-First-Out (FIFO) Processing Queue to ensure fairness.

There are six asbestos-related Disease Levels, each with specific medical and exposure requirements. Disease Levels I - III and V - VI qualify for Expedited Review, which allows for faster evaluation of claims that meet predefined criteria.

Claims that do not meet these presumptive criteria are reviewed under the Individual Review Process, which may require additional documentation and evaluation.

Compensation and Payment Structure

Disease Levels and Scheduled Values

Disease Level	Scheduled Value
Mesothelioma (Level VI)	$85,000
Lung Cancer 1 (Level V)	$50,000
Lung Cancer 2 (Level IV)	None
Other Cancer (Level III)	$20,000
Severe Asbestosis (Level II)	$40,000
Asbestosis / Pleural Disease (Level I)	$1,000

Disease Level

Scheduled Value

Mesothelioma (Level VI)

$85,000

Lung Cancer 1 (Level V)

$50,000

Lung Cancer 2 (Level IV)

None

Other Cancer (Level III)

$20,000

Severe Asbestosis (Level II)

$40,000

Asbestosis / Pleural Disease (Level I)

$1,000

The Fairbanks Personal Injury Trust provides a structured process for compensating individuals harmed by asbestos exposure from Fairbanks products. The financial assistance aims to help cover medical expenses, lost wages, and other costs to ensure that both current and future claimants receive fair support.