How Many Mesothelioma Trusts Are There In The Us, Mesothelioma Help Cancer Organization Resources For Asbestos Victims

Asbestos bankruptcy trusts are personal injury trusts established by firms that have filed for reorganization under chapter 11 of the united states bankruptcy code to pay personal injury claims caused by exposure to asbestos.

Mesothelioma cancer blog. Asbestos has a long history in the united states despite researchers discovering the health risks of exposure by the 1920s if not earlier. Some bankrupt manufacturers of asbestos containing products have established trust funds to compensate victims of mesothelioma and other asbestos related diseases. Mesothelioma trust funds provide compensation for asbestos victims and their families.

Over 100 manufacturers of asbestos containing products have created trust funds since the late 1980s and many of these trusts are still active today. An experienced asbestos lawyer can provide you with a list of asbestos bankruptcy trusts and help you navigate the trust fund process. If you or a loved have mesothelioma asbestos related lung cancer or asbestosis you may be.

Many negligent asbestos companies established trust funds after going bankrupt. There are at least 26 major trusts in operation today making payments on asbestos related liability claims for companies that have acknowledged their responsibility for asbestos exposure and returned to business with new product lines andor production processes that do not involve asbestos. Gypsum asbestos fund was created in 2006 after the united states gypsum company reorganized as part of its chapter 11 bankruptcy protection.

Asbestos trust funds have paid claimants approximately 20 billion since johns manville and unr industries filed. These trust funds help people with all types of asbestos related diseases but mesothelioma claims usually result in the highest compensation. They created asbestos trusts to pay out current and future claims.

One of the largest trusts ever established the us. For 100 years the national gypsum company had manufactured a variety of construction materials including drywall ceiling panels joint tape. If a company responsible for exposing a person to asbestos which resulted in a mesothelioma diagnosis has set up a trust victims can file a claim instead of a lawsuit.

There were thousands of asbestos products on the market for many years. As a result workers were often exposed to asbestos at various jobsites. There are more than 60 active trusts with an estimated 30 billion available to people negligently affected by asbestos exposure.

Trust fund claims filed by people diagnosed with mesothelioma routinely pay in six figures according to a 2016 mealeys asbestos bankruptcy report. Since there were so many lawsuits a more streamlined and efficient way of compensating victims was created via asbestos trust funds. At least fifty six trusts were established from the mid 1970s through 2011.