Bankruptcy Judge Approves Fraser’s Plan, Settlements With Tort Claimants

(December 9, 2020, 8:45 AM EST) -- TACOMA, Wash. — A Washington federal bankruptcy judge on Dec. 2 confirmed the plan of reorganization for Chapter 11 debtor Fraser’s Boiler Service Inc., which establishes a liquidating trust to resolve asbestos claims, and allowed the debtor to enter into settlements with 109 asbestos claimants who had agreed to mediate their claims rather than continue to litigate them in the tort system (In re:  Fraser’s Boiler Service, Inc., No. 18-41245, W.D. Wash. Bkcy.)....