The Owens-Illinois Asbestos Personal Injury Trust increased its payment percentage from 50% to 65%, effective August 19, 2026. The Trust’s notice also provides for supplemental payments to eligible claimants who previously received a lower percentage.
Paddock Enterprises (Owens-Illinois) Asbestos Trust
activePaddock Enterprises LLC (Owens-Illinois subsidiary)
www.oiasbestospersonalinjurytrust.comNet 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.
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
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Owens-Illinois Trust Payment Percentage Rises to 65%: What the August 2026 Notice Says