(Almost) Everything You Need to Know About Mesothelioma Trust Funds
Mesothelioma – a relatively rare form of incredibly aggressive and life-threatening cancer that still impacts more than 3,000 Americans each and every single year – is caused by exposure to asbestos.
Banned for years now for use in the United States, companies continued to use asbestos materials in a variety of different projects (including in residential construction projects) for decades even though they understood the health risks associated.
These companies (many of them, anyway) have been besieged on all sides by very aggressive and very successful legal experts fighting for the rights of those now living – and dying – with mesothelioma. Many of these companies have had to pay significant settlement amounts, and some of them have had to pay such high settlement fees that they have actually had to go under bankruptcy protection.
As a requirement of their bankruptcy protection, however, these companies have had to establish mesothelioma trust funds. These funds are designed specifically to provide compensation for those dealing with mesothelioma stemming from the assistance that these companies knowingly utilized.
As of right now, mesothelioma trust funds currently have about $37 billion worth of cash in them. $18 billion or so has been distributed to claimants since the late 80s, and millions of dollars are paid out to those dealing with mesothelioma each and every single year.
If you, or someone you love, has been negatively impacted by mesothelioma it is important that you and your legal professionals looking into mesothelioma trust funds and the opportunity they may provide for compensation.
Related: Get the Inside Scoop on Firm Law Mesothelioma
How Do You File a Claim Against Mesothelioma Trust Funds?
For starters, you’re going to need to find the best mesothelioma legal experts you can to assist you in filing a claim against mesothelioma trust funds.
Legal experts are almost always going to wrangle for an out-of-court settlement agreement against the mesothelioma trust fund, and there is usually a four step process that you’ll have to navigate.
For starters, you’ll need to actually file the claim and provide evidence of the mesothelioma stemming from the asbestos that a company was responsible for, which is usually a relatively simple and straightforward process, and you’ll have the opportunity to file for expedited or individual review opportunities with the bankruptcy courts.
The review process of your suit against mesothelioma trust funds begins from there, where the bankruptcy officials responsible for managing the trust funds themselves will go through the items in your case, the evidence that you present, and any other details that may be pertinent or relevant to this particular case.
They will make a determination as far as the settlement is concerned during the claim liquidation process, though you’ll have the opportunity to fight for more money – under the extraordinary claims process – if you feel that the compensation you are due to receive from these mesothelioma trust funds is too low.
When you receive a settlement amount that you are happy with you’ll have the opportunity to claim payment. Payments will be released to you on a scheduled basis or in one lump sum, depending upon the specifics of your situation, and from there you are good to go!
