Talc Mining Company Files Chapter 11 Bankruptcy Over Asbestos Claims

(October 3, 2023, 12:33 PM EDT) -- HOUSTON — Talc mining company Barretts Minerals Inc. (BMI) filed a Chapter 11 petition on Oct. 2 in Texas federal bankruptcy court looking to sell the business and use the proceeds to help fund a trust to pay asbestos claims, saying the business can no longer afford to litigate an increasing number of lawsuits alleging personal injuries caused by exposure to talc purportedly contaminated with asbestos....