What are Asbestos Bankruptcy Trusts?
The Asbestos bankruptcy trusts exist to compensate workers and their families who were injured by companies who made the asbestos products. You are entitled to asbestos-related disease compensation whether you worked around asbestos on the job or used a product that contained asbestos This Includes Claims for Diagnosis of:
- Lung Cancer
What is a Trust Distribution Plan?
Each bankruptcy trust has a Trust Distribution Plan. The Trust Distribution Plan controls how Mesothelioma claims are submitted, reviewed, and paid. Each company has specific paperwork that must be completed in order to make a claim and get paid. You can download the paperwork below.
Amounts Paid to Individuals
The payment amounts differ based on if the diagnosis is mesothelioma, lung cancer, or asbestosis. The trusts have different levels of proof requirements and supporting evidence based on the diagnosis. Scheduled mesothelioma individual payments range from $21,875 for Johns-Manville to significantly more for other trusts.
$30 Billion Available
The RAND report stated that the initial combined assets of the bankruptcy trusts was over $40 billion. However, over time around $11 Billion in claims has been paid to thousands of asbestos victims. That leaves almost $30 Billion to pay future claims for mesothelioma, lung cancer and asbestosis.
Why the Free Asbestos Claims Guide
The FREE guide provides information on a number of Asbestos Bankruptcy Trusts and how to obtain mesothelioma compensation. The guide includes FREE forms and information on how and where to file. Complete the form to have this valuable resource sent to you within 24 hours.