#Canada #Montreal #Claims Process #Asbestos Corporation #Kroll Restructuring

Updates on Asbestos Corporation Limited's Insolvency Proceedings

On June 6, 2025, Asbestos Corporation Limited (ACL), a company once prominent in the asbestos mining industry, initiated insolvency proceedings in the Superior Court of Québec, Canada. This marked a significant development for individuals exposed to the harmful effects of asbestos related to ACL's past operations. Furthermore, the U.S. Bankruptcy Court for New York is recognizing and supporting these proceedings under Chapter 15 of the U.S. Bankruptcy Code, which facilitates cooperation between U.S. and foreign courts in insolvency cases.

Who Should Pay Attention?

If you or anyone you know has been exposed to asbestos mined by ACL or by its affiliates, it's crucial to understand your rights and options. Individuals and heirs representing deceased persons affected by asbestos exposure are particularly encouraged to take note of the pending deadlines to file claims. This affects a wide range of parties, including those who have been diagnosed with health issues resulting from asbestos exposure or the family members of those who have succumbed to asbestos-related illnesses.

Filing a Claim: Key Information

A claim is defined as a request for payment or compensation due to damages caused by asbestos exposure. Individuals diagnosed with asbestos-related conditions need to submit a Proof of Claim before the upcoming deadline, September 10, 2026, known as the Claims Bar Date. Those filing claims relating to deceased individuals must also adhere to this essential timeline to preserve their eligibility.

What Measures You Need to Take

Those with asbestos-related claims must file their Proof of Claim, as failure to do so by the specified date will prevent any future legal action or compensation regarding these claims. No exceptions will be made for late submissions. Non-asbestos claims against ACL are also subject to the same deadline.

How to Submit a Proof of Claim

Claims can be submitted through a variety of methods:

• - Online (for existing asbestos claims) at ACLClaims.com.
• - Email: [email protected]
• - Phone: 877-788-0179
• - Fax: 800-711-1070
• - Mail in Canada:

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

• - Mail in the U.S.:

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

Conclusion

It’s imperative to act quickly for anyone affected by the former operations of Asbestos Corporation Limited. Ensure your claims are filed before the Claims Bar Date of September 10, 2026, to avoid losing your right to compensation. For additional assistance, visit the official claims website or contact the administrative team at Kroll Restructuring Administration. Your timely actions may be crucial in securing the necessary compensation for damages endured.

For more comprehensive information about the insolvency proceedings of ACL, including FAQs and examples of claims that can be filed, ensure you check the site at ACLClaims.com or connect at 1-877-788-0179.