Editing WR Grace Trust (section)

== How Did W.R. Grace's Bankruptcy Unfold? ==

W.R. Grace's bankruptcy became one of the longest and most complex Chapter 11 proceedings in American history.

=== Bankruptcy Timeline ===

'''April 2, 2001:''' W.R. Grace files for Chapter 11 bankruptcy protection
* Cited approximately '''$1.6 billion''' in asbestos-related liabilities
* Over '''65,000 pending asbestos claims''' at time of filing
* Company continued operating during bankruptcy

'''2001-2014:''' Extended negotiations and litigation
* Disputes over trust funding levels
* Negotiations with insurers
* Resolution of criminal proceedings

'''February 2014:''' W.R. Grace emerges from bankruptcy
* Trust established with funding from company and insurers
* Begins processing claims at initial payment percentages

'''April 2014:''' Trust becomes fully operational
* First claim payments issued
* Payment percentage set and periodically adjusted

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| style="padding:15px; color:#155724;" | '''✅ Trust Performance:''' Despite 13 years in bankruptcy, the W.R. Grace Trust has proven to be one of the best-funded and highest-paying asbestos trusts, maintaining a '''30.1% payment percentage'''—significantly higher than most peer trusts.
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