Paddock Enterprises (Owens-Illinois) Asbestos Trust

active

Paddock Enterprises LLC (Owens-Illinois subsidiary)

www.oiasbestospersonalinjurytrust.com
Net Assetsa
initial funding (cash + consideration)
Payment %a
65%
of scheduled value
effective Aug 19, 2026
Last verified: Sep 3, 2026
Established
2020
annual reporting
Cumulative Paid

Primary Source Documents

Verified trust notices, annual reports, and trust distribution procedures used in this record. Select a document to preview it on this page.

Primary sources

Trust Details

Administrator
Verus LLC
Court
Bankr. D. Del.
Docket
20-10028
Asset Source
initial funding (cash + consideration)
Notes
Current balance not publicly posted (DCPF-administered); FY2025 report not confirmed docketed as of 2026-07-27 (FY2024: 20-10028 Doc 1707, filed 2025-04-29). The trust increased its payment percentage from 50% to 65% effective 2026-08-19, with supplemental payments for claimants paid at a lower percentage under TDP §4.3.

Recent Events

2026-08-29payment percentage change

The Owens-Illinois Asbestos Personal Injury Trust increased its payment percentage from 50% to 65%, effective 2026-08-19. The official notice states that claimants paid at a lower percentage will receive supplemental payments under TDP §4.3. This corrects the prior structured 100% value, which did not match the earlier 50% notice or the current primary source.

Owens-Illinois Asbestos Personal Injury Trust, Notice re: O-I Payment Percentage Increase, 2026-08-19