Mesothelioma and asbestos bankruptcy trusts have been established to compensate workers and families who are suffering as a result of asbestos exposure. Billions of dollars have been set aside by the companies responsible for the manufacture of asbestos products, and a team of trustees has been created to manage the trusts and determine how much money each claimant receives. The amount of money given to each claimant depends on factors such as what company he/she worked for, how long he/she worked there and what his/her duties were.

While mesothelioma patients have the right to sue for damages, defendant companies that filed bankruptcy are protected from lawsuits. The asbestos trusts were created under the U.S. Bankruptcy Code to ensure that all victims are properly compensated. To find out if you qualify to file a claim, contact MesotheliomaCompensation today.

How are the Trusts Established?

Companies that had a hand in asbestos exposure can file for protection under a legal process known as bankruptcy reorganization. Section 524(g) of the U.S. Bankruptcy Code allows defendant companies to escape asbestos lawsuits and stay in business if they agree to put a certain amount of money into the trusts to fund current and future claims. The court will determine what amount each company must put into the trust.

Do You Qualify to File an Asbestos Trust Claim?

Filing an asbestos bankruptcy trust claim can be complicated and requires evidence of an asbestos-related injury. Each payout will depend on the type and severity of disease as well as the history of exposure, medical history and more. If you are considering filing a claim, it is in your best interest to work with a qualified lawyer experienced with these types of claims. A lawyer will guide you through the process and make sure you properly fill out every document so you get an accurate and timely payout.

At MesotheliomaCompensation, we know the ins and outs of these trusts and can help you and your family file a claim and recover the compensation you are owed. In some cases, it makes more sense to file a mesothelioma lawsuit against the companies responsible for your exposure. During a free case evaluation, our mesothelioma lawyers will determine who is responsible for your exposure and what legal options is best for you.

To learn more about the asbestos trusts, contact us today.