Asbestos Trust Fund Payouts | Braver Law PLLC

Asbestos is a naturally occurring mineral. It was once widely used in construction and other industries. This is because it's heat-resistant. Unfortunately, asbestos exposure can lead to severe health issues. This includes mesothelioma, a rare and aggressive cancer.

The Asbestos Trust Fund: An Overview

Companies that faced many asbestos-related lawsuits often filed for bankruptcy. As part of the bankruptcy process, these companies established asbestos trust funds. These funds hold billions of dollars. This money is specifically to compensate victims of asbestos exposure.

Mesothelioma and Asbestos Exposure

Mesothelioma is a rare and aggressive cancer. It's primarily caused by asbestos exposure. Other asbestos-related diseases include lung cancer and asbestosis. If you or a loved one has been diagnosed with an asbestos-related disease, you might be eligible for compensation from an asbestos trust fund.

Understanding Asbestos Trust Funds

What is an Asbestos Trust Fund?

An asbestos trust fund is a fund established to pay claims to individuals harmed by asbestos exposure. These funds provide a critical source of compensation for victims and their families.

How Asbestos Trust Funds Work

When a company files for bankruptcy due to asbestos liabilities, the bankruptcy court creates a trust. It appoints trustees to manage it. Individuals who have been harmed by the company's asbestos products can file claims with the trust for compensation.

How Much Money is Left in the Asbestos Trust Fund?

The exact amount varies. Approximately $30 billion are estimated to remain in asbestos trust funds. This substantial amount ensures that victims of asbestos exposure can still seek compensation for their injuries and losses.

How Many Asbestos Trust Funds Are There?

Over 60 asbestos trust funds currently exist. These trusts hold over $30 billion. This money is available for victims to claim.

Asbestos Trust Fund Payouts

What are Asbestos Trust Fund Payouts?

Asbestos trust fund payouts are payments made to individuals harmed by asbestos exposure. These payouts help cover medical expenses, lost income, and other damages related to the individual's illness.

Factors Affecting Payout Amounts

Several factors can influence the amount of an asbestos trust fund payout:

  • Type and severity of illness
  • Exposure history
  • Medical expenses
  • Lost income

Asbestos Trust Funds Pay Lump Sum or Installments

Payment methods vary by trust and individual circumstances. Some asbestos trust funds may offer a lump sum payment. Others may provide payments in installments over time.

Mesothelioma Trust Funds

What are Asbestos Trust Funds for Mesothelioma?

Mesothelioma trust funds are a subset of asbestos trust funds. They specifically compensate individuals diagnosed with mesothelioma. These funds also provide compensation for other asbestos-related diseases. These diseases include lung cancer and asbestosis.

Mesothelioma Trust Funds List

A comprehensive mesothelioma trust funds list can help you identify potential sources of compensation. These lists often include details about each trust. This includes the founding company and the types of diseases covered.

Amounts Awarded from the Mesothelioma Trust Funds

Mesothelioma trust fund payouts vary. This depends on several factors. These factors include the severity of the illness, the individual's exposure history, and their medical expenses.

Filing an Asbestos Trust Fund Claim

Who is Eligible for Compensation?

Individuals with asbestos-related diseases may be eligible for compensation from an asbestos trust fund. These diseases include mesothelioma, lung cancer, or asbestosis.

How to File a Claim

Filing an asbestos trust fund claim can be complex. An experienced attorney can guide you through the process. Here are the general steps involved:

  1. Gather evidence of asbestos exposure and medical diagnosis.
  2. Contact a lawyer specializing in asbestos litigation.

Braver Law can assist you with the following:

  • Collect your work history and medical records.
  • Find witnesses if needed.

List of Asbestos Trust Funds

Johns Manville Corporation

$2.5 Billion

Armstrong World Industries

$2.062 Billion

Babcock & Wilcox Co.

$1.845 Billion

Kaiser Aluminum Corporation

$1.218 Billion

Pittsburgh Corning Corporation

$3.5 Billion

Owens Corning/Fibreboard

$3.4 Billion

W.R. Grace and Co.

$3 Billion

U.S. Gypsum Corporation

Not specified

General Motors Corp. (Motors Liquidation)

Not specified

ASARCO, LLC

Not specified

Contact Braver Law to Learn About Asbestos Trust Fund Payouts and File a Claim

Asbestos trust funds provide crucial financial support to victims of asbestos exposure. Over 60 asbestos trust funds exist. Approximately $30 billion is still available. Mesothelioma trust funds specifically compensate individuals diagnosed with mesothelioma. Filing an asbestos trust fund claim can be complex, which is why legal assistance from an asbestos law firm is highly recommended.

Contact Braver Law today to learn more and file a claim for asbestos trust fund payouts. We offer a free case review, file claims in all 50 states with asbestos trust funds set up from bankrupt manufacturers. There is $30 billion still available - don’t wait to file your claim for compensation!

You May be Entitled to Financial Compensation

$30 Billion Remaining in Trust Funds

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