In Dismissal Bid, Asbestos Claimants Decry Chapter 11 Plan With 2 Trust Options

( April 11, 2025, 3:13 PM EDT) -- HOUSTON — A recent Chapter 11 plan of reorganization filed by talc mining company BMI Oldco Inc. and an affiliate that proposes two options for an asbestos trust does not save the debtors from having their case dismissed because both options “are patently unconfirmable,” a committee of asbestos personal injury claimants says in a reply brief in a Texas federal bankruptcy court in support of their motion to dismiss....