Asbestos Bankruptcy Trust Funds

MESOTHELIOMA COMPENSATION USA BEST LAW Shortcuts,Exposure to asbestos has a long history, and over time a number of companies that manufactured, distributed, sold, or used asbestos products and materials have either gone out of business, merged with other corporations, or been restructured due to bankruptcy. In some cases, the downfall of these companies was due directly to the liability they incurred because of their use of asbestos.

MESOTHELIOMA COMPENSATION USA BEST LAW Shortcuts,Even though such companies no longer exist, it may still be possible to receive compensation from them. In many instances, the companies were required to establish asbestos bankruptcy trust funds (“asbestos trusts”) and fund them with enough money to pay mesothelioma claims brought against them. These mesothelioma trust funds typically have a set of established criteria, and mesothelioma victims who meet those criteria can expect to receive compensation from the fund.

The only known cause of mesothelioma is asbestos exposure.

MESOTHELIOMA COMPENSATION USA BEST LAW Shortcuts,Asbestos is a mineral known for being fire resistant. It was used throughout the 20th century in many trades and industries. Many companies that made and/or sold asbestos products knew the dangers but hid the truth to make a profit.

Asbestos was frequently used in the military. Starting in the 1930s, asbestos was widely used in ships, buildings, vehicles, and equipment. This widespread use of asbestos continued into World War II and did not stop until the 1980s. Today,  thousands of United States military veterans have been diagnosed with mesothelioma.

Updated: April 27, 2019 — 10:35 am

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