Asbestos Bankruptcy Trusts and Asbestos Trust Fund Information

The ABC’s of Asbestos Bankruptcy Trusts

More than 50 asbestos companies have created asbestos bankruptcy trusts. A report by the RAND Corporation showed that by June of 2010, these trusts already had paid billions of dollars to those injured by exposure to asbestos. The asbestos trusts have set aside significant funds to compensate future valid claims.

What does that mean if you have been injured by asbestos and have developed mesothelioma or asbestos? The bankruptcy trust process can be complicated, but here are the ABC’s:

A. If you have a diagnosed asbestos related injury, such as mesothelioma, lung cancer or asbestosis, you may be eligible to get compensation from bankruptcy trusts.

B. The rules governing asbestos bankruptcy trusts are strict and vary from company to company, making the process complicated and confusing. It takes expertise to get a bankruptcy claim approved and settled.

C. Identifying which asbestos trust or trusts to file claims against depends on the source of your exposure, which is usually determined by your work history. Our attorneys take down a detailed work history, determine which products were used at those sites, and then file claims on your behalf against each and every company responsible. Our mesothelioma attorneys have over thirty years experience in filing bankruptcy claims and will get the maximum compensation available.