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Mesothelioma Trust Funds | New York City Personal Injury

Joseph Williams | 697 Views | 07/15/2016

Mesothelioma Trust Fund

Mesothelioma victims may have access to trust funds which are in excess of 30 billion dollars designed to compensate them for their diagnosis of mesothelioma. Hi, I’m Joe Williams. I’m a mesothelioma trial attorney, and I want to give you some information about the trust funds that have been put into place as a result of certain asbestos companies declaring bankruptcy.

 Corporate Response

Now over the course of the last decades, there have been more and more lawsuits against the entities, the corporate entities, that made or used asbestos products and caused exposure to workers, which gave them mesothelioma. In order to avoid the liability of these lawsuits, many of these companies, these corporate entities, have sought out in the bankruptcy courts to reorganize their business. The goal being to allow them to stay in business, but to also compensate the people who were diagnosed with mesothelioma.

 Setting Up the Trust

There’s a process involved, and eventually the court must approve the amount that is put into trust by the corporate entity. Once that’s done, and the trust is set up, current and future claimants, people who get mesothelioma, can make claims against those trusts, claims based upon the specifics and the evidence of their asbestos exposures.

Now it’s important to know that there’s up to 60 different trusts that have been established over time, and these trusts are funded with different amounts. But the total amount is in excess of 30 billion dollars.

 Questions or Concerns, Call Us

I’m Joe Williams. At our firm, we deal with mesothelioma victims and their families and the different claims that they have available to them every day. You have questions about mesothelioma, and about the asbestos bankruptcy trusts that have been set up to compensate victims of mesothelioma and their families, I invite you to call our office. We can answer your questions. Thank you.

Mesothelioma Trust Funds | New York City Personal Injury

Mesothelioma Trust Fund

Mesothelioma victims may have access to trust funds which are in excess of 30 billion dollars designed to compensate them for their diagnosis of mesothelioma. Hi, I’m Joe Williams. I’m a mesothelioma trial attorney, and I want to give you some information about the trust funds that have been put into place as a result of certain asbestos companies declaring bankruptcy.

 Corporate Response

Now over the course of the last decades, there have been more and more lawsuits against the entities, the corporate entities, that made or used asbestos products and caused exposure to workers, which gave them mesothelioma. In order to avoid the liability of these lawsuits, many of these companies, these corporate entities, have sought out in the bankruptcy courts to reorganize their business. The goal being to allow them to stay in business, but to also compensate the people who were diagnosed with mesothelioma.

 Setting Up the Trust

There’s a process involved, and eventually the court must approve the amount that is put into trust by the corporate entity. Once that’s done, and the trust is set up, current and future claimants, people who get mesothelioma, can make claims against those trusts, claims based upon the specifics and the evidence of their asbestos exposures.

Now it’s important to know that there’s up to 60 different trusts that have been established over time, and these trusts are funded with different amounts. But the total amount is in excess of 30 billion dollars.

 Questions or Concerns, Call Us

I’m Joe Williams. At our firm, we deal with mesothelioma victims and their families and the different claims that they have available to them every day. You have questions about mesothelioma, and about the asbestos bankruptcy trusts that have been set up to compensate victims of mesothelioma and their families, I invite you to call our office. We can answer your questions. Thank you.