Mesothelioma Trust Funds in New Orleans

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Mesothelioma Trust Funds in New Orleans

Mesothelioma is a rare form of cancer caused by exposure to asbestos. For many years, the dangers of asbestos were known to companies who continued to use this material in construction, manufacturing, transportation and other industries. While there is a clear link between mesothelioma and asbestos and clear evidence of negligence, there are several factors in these cases which make it challenging for mesothelioma patients to get the compensation they rightfully deserve.

The latency period for mesothelioma is twenty to fifty years, meaning it may not be diagnosed for decades after exposure. The long period means many types of evidence may have been destroyed, and it can be more challenging to establish exactly when and how a person was exposed to asbestos. In addition, mesothelioma has a poor prognosis in many cases, so a patient may pass away or become very weak long before their case makes its way through the court system.

One of the biggest challenges with mesothelioma claims are the companies themselves. After twenty or fifty years, many have closed down or have declared bankruptcy due to mesothelioma claims. Mesothelioma trust funds in New Orleans are meant to address this challenge and to ensure that injured parties get fair compensation.

What are Mesothelioma Trust Funds?

Asbestos trust funds are created by companies to ensure workers and other defendants get paid. Section 524(g) of the U.S. Bankruptcy Code requires companies who file for Chapter 11 bankruptcy to create these funds if they are not able to pay settlements and court wins related to asbestos and mesothelioma cases. The companies must put enough money in these funds to pay for asbestos claims, including those expected in the future. Trustees are named to decide on the compensation amounts and to manage the funds.

If you have been diagnosed with mesothelioma but the company responsible for your exposure to asbestos has gone bankrupt, asbestos trust funds ensure you can still seek compensation. To find out whether there is a trust fund you can seek compensation from, contact a mesothelioma attorney, who can help you explore all your options.

How Much Can You Secure in Compensation?

If you may qualify for compensation from asbestos trusts in New Orleans, contact Irpino, Avin & Hawkins Law Firm. Our attorneys represent individuals and class action claims. In fact, many of our attorneys have served on steering committees of class action lawsuits. We can help you seek compensation from a trust fund or from liable parties in your case. Our attorneys have years of experience with mesothelioma cases, and we can help you fight for your rights.

We’re dedicated to transparency, responsiveness and professionalism, so we always put our clients first and always act in your best interests. You can contact Irpino, Avin & Hawkins Law Firm today online or by calling us at 800-7500-LAW or 504-525-1500 to schedule a free consultation.

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