The Trust has decided to extend the deadline for responses to the supplemental payments as referred to in the “Supplemental Payment Policies and Procedures – 2015” memo posted on the document Page of the Website. The updated response deadline has been changed from October 31, 2016 to December 31, 2016.
Announcements
Manville: Pro Rata
FYI: The Manville Trust pro rata discussions are still underway between the Trustees and representatives of the beneficiaries. An update will be posted as soon as discussions have been finalized.
Manville: Offers
The Manville Trustees have determined to stay all offers to claimants until the Trust’s obligations going forward can be more accurately determined. The Trust has retained consultants to prepare a future claims forecast which will permit the Trust to determine the appropriate pro rata payment percentage and allow the Trust to meet its obligations to current and future claimants. The Trust anticipates this process will take approximately 60 days to complete. Claims for which offers have already been made are not affected by this stay.
All: Claims Status
The e-Claims status description document has been updated.
Manville: Release
Effective April 28, 2016, the Manville Trust will require submission of an executed release prior to payment on claims. After accepting the offer on a claim you will be prompted to generate a release. Once you receive the executed release from the claimant simply upload it to the claim file. It will then be reviewed by CRMC and, once approved, the claim will automatically move into the payment queue.
CET: eFiler
Effective April 28, 2016, the C.E. Thurston & Sons Absestos Trust will no longer offer its “E-file” electronic filing option. All eClaims users currently using E-filing will be converted to hybrid filing (“H-filing”), which still permits electronic filing of claimant information. Using H-filing, users may complete the claim form electronically online and upload any required documents, just as with E-filing. The difference is that, using H-filing, a CRMC Claim Review Analyst will run the CDT valuation program in every case. Please be advised that, particularly in the initial period following this transition, review times will likely increase. However, CRMC has retained additional staff to assist in this effort and will work as quickly as possible to review your claim(s) in a timely manner.
Manville: eFiler
Effective March 1, 2016, the Manville Trust will no longer offer its “E-file” electronic filing option. All eClaims users currently using E-filing will be converted to hybrid filing (“H-filing”), which still permits electronic filing of claimant information. Using H-filing, users may complete the claim form electronically online and upload any required documents, just as with E-filing. The difference is that, using H-filing, a CRMC Claim Review Analyst will run the CDT valuation program in every case. Please be advised that, particularly in the initial period following this transition, review times will likely increase. However, CRMC has retained additional staff to assist in this effort and will work as quickly as possible to review your claim(s) in a timely manner.
Manville: MAP
The Manville Trust has reached its Maximum Annual Payment (MAP) amount for 2015. Therefore, any claim with a status of “Awaiting Offer Funding” will not receive payment until 2016. Claims at this status will be carried over to 2016 and placed at the head of the FIFO payment queue. Please refer to the 2002 TDP Section H.8 for further details.
CET: Pro Rata
Pursuant to Section 6.2 of the Asbestos Related Claims and Demands Trust Distribution Procedures (“the TDP”), the Trustee has recently completed a re-evaluation of the Payment Percentage. As a result of this re-evaluation, the Trustee – with the consent of the Trust Advisory Committee and the Legal Representative – has decided to increase the Payment Percentage from 25% to 35%. The Trustee has also decided that this increase in the Payment Percentage is to be applied to all post-bankruptcy claims which were previously paid by the Trust at a lower rate. The Trust has adopted policies and procedures requiring each previously paid claimant or the claimant’s counsel to affirmatively accept the supplemental payment before a check will be issued. Please refer to the “Supplemental Payment Policies and Procedures – 2015” memo posted on the Documents page of the website (/documents/c-e-thurston/) for further details.
All: e-Filer payments
Due to our upcoming office move, e-filer payments will be delayed till Oct 7th. Sorry for any inconvenience.