Asbestos Bankruptcy Trust Funds

Many of the companies that produced, sold, or used products containing asbestos were forced to set up trust funds to compensate individuals with diseases caused by asbestos. Currently, there is more than $30 billion of compensation in these bankruptcy trusts available to victims of asbestos exposure.

If you or a loved one were exposed to asbestos before 1982 and diagnosed with mesothelioma, asbestos lung cancer, or other diseases, you may qualify to file an asbestos trust claim and receive compensation for your illness and medical expenses.

To begin the process of filing a claim today, contact the lawyers at Hissey Mulderig & Friend by calling our offices toll-free at 1-855-500-3734, or by filling out our free claims form on the left side of this page.

What Are Asbestos Bankruptcy Trust Funds?

After the link between asbestos and diseases such as mesothelioma and asbestos lung cancer was made public in the 1970s, many companies involved in the manufacturing and sale of asbestos products were forced to file for bankruptcy protection.

Many of these companies were required to set up asbestos bankruptcy trust funds in order to compensate individuals who worked at asbestos jobsites and other victims of asbestos exposure. Once bankruptcy protection was granted, these trusts handled all asbestos claims filed against the companies.

Who Is Eligible to File a Claim?

Anyone who was exposed to asbestos and diagnosed with mesothelioma, lung cancer, asbestosis, or other asbestos-related diseases may be eligible to file a claim with an asbestos bankruptcy trust.

The family members of individuals who have died as a result of an asbestos-related disease may also be eligible to file an asbestos trust claim. In the event that a loved one with a disease caused by asbestos is too ill to take legal action, a family member may also qualify to file a claim on their behalf.

What Is the Average Asbestos Trust Claim Payout?

According to a study by the RAND Institute, the average payout for an asbestos trust claim is $126,000, with some payouts as high as $1.2 million.

The value of each individual claim is determine by three factors:

• the asbestos disease with which the claimant was diagnosed
• the scheduled value of that disease for the trust fund
• the current payment percentage of the trust.

Asbestos trust claimants are not limited to filing a claim with only one trust: in many cases, victims of asbestos exposure or their families may be eligible to file claims with multiple asbestos trust funds.

List of Asbestos Bankruptcy Trust Funds

The following is a list of asbestos trusts that have been created to compensate individuals with asbestos diseases and their families:

How Can I File an Asbestos Trust Claim?

If you or a loved one were exposed to asbestos prior to 1982 and have been diagnosed with mesothelioma cancer, lung cancer, asbestosis, or other diseases, you may be eligible to file a claim with an asbestos bankruptcy trust fund and receive compensation for your illness and medical expenses.

In order to file a claim, it is important to seek the assistance of an experienced asbestos attorney, who can help you to determine all of the asbestos trusts with which you are eligible to file a claim and guide you and your family through the process of taking legal action.

The lawyers at Hissey Mulderig & Friend have more than 100 years of combined experience handling asbestos lawsuits and trust claims on behalf of individuals and there families who have been effected by mesothelioma, lung cancer, asbestosis, or other asbestos diseases.

To start the process of filing your claim today, contact Hissey Mulderig & Friend by calling our offices toll-free at 1-855-500-3734.

If you prefer, you can also send us a message using the free claims submission form located at the top of this page. After we receive your message, one of our staff members will contact you to gather more information about your case and schedule a free consultation with one of our attorneys.