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IN RE PLANT INSULATION CO.

No. 09-31347 TEC.

469 B.R. 843 (2012)

In re PLANT INSULATION COMPANY, a California corporation, Debtor.

United States Bankruptcy Court, N.D. California.

March 15, 2012.

Attorney(s) appearing for the Case

Lori Sinanyan , Jones Day, Los Angeles, CA, Michaeline H. Correa , Peter J. Benvenutti , Ryan Routh , Tobias S. Keller , Jones Day, San Francisco, CA, Jay D. Crom , Bachecki, Crom and Co., San Francisco, CA, for Debtor.

Minnie Loo , Office of the U.S. Trustee, San Francisco, CA, for Trustee.

OPINION

THOMAS E. CARLSON, Bankruptcy Judge.

INTRODUCTION

Debtor sold, installed, and repaired asbestos-containing products starting in 1937. Plagued by thousands of lawsuits, and facing its insurers' claims that its insurance coverage was exhausted, Debtor filed a chapter 11 petition in this court. Debtor now seeks to confirm a plan that channels all asbestos injury claims to a section 524(g) trust established to benefit asbestos victims...

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