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.
Announcements
All: e-Filer payments
Due to our upcoming office move, e-filer payments will be delayed till Oct 7th. Sorry for any inconvenience.
NARCO: Simplebatch
We’ve updated our Simplebatch template for NARCO. It has an additional field ‘AffirmPOCReview’. See here for more info.
NARCO: Web Services
We’ve also updated our Web Service for NARCO. See here for more info.
All: Moving!
Effective October 1, 2015 our new address will be:
3120 Fairview Park Dr.
Suite 200
Falls Church VA 22042
We are also eliminating our PO Box. We have a new fax number 703-205-5620. All of our telephone numbers will remain the same.
All: Password Notice
CRMC has updated our system to send out an informational message when a password has been changed. For more information please go to info.claimsres.com for more information
NARCO: Indirect Claim POC
The Proof of Claim Form for Indirect Asbestos Trust Claims has been posted to the NARCO Trust’s Documents page. Indirect Claims may be filed on paper or via the eClaims application once a law firm has registered to do so. Claims may not be filed in batch.
NARCO: Simplebatch & WS
We’ve updated WebServices and Simplebatch for NARCO claims; please go to http://info.claimsres.com for more information.
NARCO: Instructions
According to the POC instructions, if an asbestos-related lawsuit was filed on behalf of the injured party you are required to provide that information when filing a NARCO claim. eClaims now requires that you indicate if a lawsuit was filed on behalf of the claimant for each and every claim. For those in-process claims where litigation was not previously entered, they have been pushed back to a status where you must enter it. If litigation was filed, you are required to upload the litigation face sheet along with the pages that indicate what defendants were sued. [Please see the applicable claim form and instructions for the specific requirements for your claim.]
NARCO: Releases
The Trust has updated its releases to include a check box for the person signing and their printed name. If you have already printed a release from eclaims there is no need to reprint.