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Asbestos Corp. Gets Ch. 15 Nod Over Claimants' Concerns

By Ben Zigterman · October 30, 2025, 2:11 PM EDT

A New York bankruptcy judge granted Chapter 15 recognition for Asbestos Corp. Ltd.'s Canadian restructuring over the objection of personal injury claimants and a Chapter 7 trustee, finding that the corporation's...

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Bankruptcy Scorecard

Summary

A Quebec mining company asked a New York bankruptcy judge to recognize Canadian insolvency proceedings where it hopes to resolve thousands of asbestos personal injury lawsuits across multiple jurisdictions.

Case Number

1:25-bk-10934

Judge

Martin Glenn

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

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Documents

Related Sections

Case Information

Case Title

Asbestos Corporation Limited and Raymond Chabot, Inc.

Case Number

1:25-bk-10934

Court

New York Southern

Nature of Suit

Date Filed

May 06, 2025

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