(August 25, 2016, 8:23 AM EDT) -- CHICAGO — The plan of reorganization for Chapter 11 debtor The Budd Co. Inc. took effect Aug. 1, sending all asbestos personal injury claims against Budd to two funds for resolution and payment, according to an Aug. 2 notice filed in an Illinois federal bankruptcy court (In re: The Budd Company, Inc., No. 14-11873, N.D. Ill. Bkcy.)....