#Canada #Bankruptcy #Quebec #Asbestos Corporation #Ray Chabot

Important Notice Regarding Asbestos Corporation Limited's Insolvency

If you or someone you know has been exposed to asbestos products, your rights might be affected due to the insolvency proceedings involving Asbestos Corporation Limited (ACL). ACL, which has a history of asbestos mining, initiated protection under the Companies’ Creditors Arrangement Act in Canada on May 6, 2025, and filed for Chapter 15 bankruptcy in the U.S. This allows U.S. courts to provide assistance during foreign insolvency procedures.

This announcement aims to inform potential claimants about the upcoming deadline for submitting claims in order to safeguard your legal rights. Kroll Restructuring Administration and Raymond Chabot Inc. are appointed as monitors for these proceedings. It’s crucial for anyone who believes they might be entitled to claim due to asbestos exposure from ACL, or related entities, to act promptly.

Who is Affected?

The insolvency process impacts any individual or their heirs with claims against ACL or its affiliates that arose due to asbestos exposure. Those affected include, but are not limited to:

• - Current or former employees of ACL
• - Individuals diagnosed with health conditions due to asbestos exposure associated with ACL
• - Heirs of deceased persons claiming rights related to asbestos exposure

What Constitutes a Claim?

A 'claim' signifies your right to seek compensation for damages or other forms of restitution. If you or someone you know has faced health repercussions from asbestos exposure linked to ACL, it is vital that you file a Proof of Claim in the insolvency proceeding by the deadline of September 10, 2026. Failure to do so may result in the forfeiture of your right to seek compensation in the future.

How to Submit a Proof of Claim?

Claims can be submitted via several channels:
1. Online: For claims specifically related to asbestos exposure, visit ACLclaims.com.
2. Email: Send your claim to [email protected]
3. Phone: Reach out at 877-788-0179.
4. Fax: Use 800-711-1070 for fax submissions.
5. Mail: Claims can be sent to the respective contact addresses in Canada or the U.S., listed in the official notice.

Here are the mailing addresses:

• - In Canada:

Raymond Chabot Inc.
Attention: Asbestos Corporation Limited
National Bank Tower
600 De La Gauchetière Street West, Suite 2000
Montréal, Québec H3B 4L8

• - In the U.S.:

Grant Thornton NYC
Attention: Asbestos Corporation Limited
757 Third Ave, 9th Floor
New York, NY 10017

What Happens if You Miss the Deadline?

It is imperative to understand that missing the September 10, 2026, deadline will bar you from filing any claims against ACL, General Dynamics Corporation, or their affiliates in the future, so ensure that any relevant documents are submitted promptly.

Find Out More

This notice serves as a brief overview. For additional information regarding ACL's insolvency, including Frequently Asked Questions, claims filing forms, and detailed instructions, visit ACLClaims.com or call 1-877-788-0179.
It’s essential that those affected understand their rights and take necessary actions to preserve them as deadlines approach.