NC wallboard manufacturer seeks bankruptcy protection
Posted on Wednesday, October 12th, 2016 at 9:02 pm
A construction material manufacturing company recently decided to seek Chapter 11 Bankruptcy protection in the Western District of North Carolina.
Reports revealed that the company, Kaiser Gypsum, Inc., was facing 38,000 lawsuits from people who claimed to develop illnesses from asbestos exposure. The company reportedly manufactured drywall and wallboard that contained chrysotile asbestos. Kaiser claimed to have settled millions of dollars in the last four decades, but roughly 14,000 asbestos lawsuits were still open before the company filed for bankruptcy.
Chapter 11 Bankruptcy can be a potential solution to severe economic problems. If you are in such situation in Fayetteville, an attorney at the Bradford Law Offices, PLLC may guide you through the filing process. Learn more about your options today by calling (919) 758-8879.