Many asbestos companies that exposed workers to asbestos have since gone bankrupt.
Rather than face billions in lawsuits, these companies were required to establish trust funds to compensate asbestos victims.
If you've been diagnosed with mesothelioma, you may be eligible to recover compensation from one or more of these trust funds.
What Are Asbestos Trust Funds?
Asbestos trust funds are financial accounts established by bankrupt asbestos companies as part of their bankruptcy proceedings.
These funds are specifically designated to compensate victims of asbestos exposure.
Dozens of companies have established trust funds worth billions of dollars.
How Much Can You Recover?
The amount you can recover from asbestos trust funds depends on several factors, including:
- The specific companies involved in your exposure.
- The severity of your illness.
- Your work history and employment records.
- The trust fund's current status (some are fully funded, while others are only partially funded).
In many cases, mesothelioma victims recover hundreds of thousands or even millions of dollars from trust funds.
Some victims are able to recover from multiple trust funds if they were exposed to asbestos from several different companies.
How to File a Claim.
Filing a claim with asbestos trust funds is a complex process.
You'll need to:
- Provide medical documentation of your mesothelioma diagnosis.
- Submit employment records and work history.
- Provide evidence of asbestos exposure.
- Submit the claim to the appropriate trust fund(s).
The process can take several months, and some trust funds may deny claims or offer lower amounts than expected.
An experienced mesothelioma attorney can guide you through the process and ensure you receive the maximum compensation available.
Why You Need an Attorney
An experienced mesothelioma attorney can:
- Identify all trust funds for which you may be eligible.
- Gather the necessary documentation.
- Prepare and file your claims.
- Appeal any denials.
- Negotiate with the trust funds on your behalf.
Because asbestos trust fund claims don't require proving negligence in court, many victims can resolve their claims more quickly than through traditional lawsuits.
Contact Irpino, Avin & Hawkins Today.
If you've been diagnosed with mesothelioma, don't delay.
Contact Irpino, Avin & Hawkins to discuss your eligibility for asbestos trust funds and other compensation options.
Call us today at 1-800-7500-LAW or 504-525-1500 for a free, confidential consultation.
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