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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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