The benefit for the company is a court bar to future asbestos suits.

FORBES: Magazine Article

The April downgrade by Moody's of Crown debt from B2 to Caa3 was in part because of future asbestos claims.

FORBES: An Affair to Remember

In such cases, plaintiff lawyers typically swamp a company with claims, then negotiate a settlement that steers most of the bankruptcy proceeds to themselves at the expense of other creditors, including future asbestos victims.

FORBES: Magazine Article