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Created by bankrupt companies due to improper asbestos handling, these funds, worth over $30 billion and spread across many trusts, offer crucial compensation in expedited and individual reviews for people and families dealing with asbestos-related issues.
The bankruptcy courts required these companies to set up trusts to compensate current and future victims with valid mesothelioma asbestos cancer trust fund claims. The following is just a partial list of asbestos companies with established mesothelioma trusts.
When manufacturers of asbestos-containing products file for bankruptcy, they must set aside compensation for current and future asbestos victims in asbestos trust funds. As of November 2024, an estimated $30 Billion is still available in these trusts.
Dozens of asbestos companies set up asbestos bankruptcy trusts to compensate future asbestos claimants. Companies such as Johns Manville, W.R. Grace and United States Gypsum contribute to the billions of dollars that are available to people with asbestos-related diseases and their families.
Due to the overwhelming number of lawsuits filed against asbestos manufacturers, many manufacturers, suppliers and distributors of raw asbestos and asbestos-containing products have set aside over $30,000,000,000 ($30 Billion) in trust funds for victims of asbestos diseases (mesothelioma, lung cancer, asbestosis, other cancers).
Asbestos trust funds — also called mesothelioma trust funds — are created when at-fault companies file for Chapter 11 bankruptcy protection. These funds are set aside to compensate victims of asbestos exposure who have developed mesothelioma and other asbestos diseases for which the bankrupt company can be proven liable.
Asbestos bankruptcy trusts are trusts established by firms that have filed for reorganization under Chapter 11 of the United States Bankruptcy Code to pay personal injury claims caused by exposure to asbestos. At least 56 such trusts were established from the mid-1970s to 2011. [1]
Asbestos Trust Fund List. More than 100 companies have established asbestos bankruptcy trusts since the late 1980s by filing for Chapter 11 bankruptcy protection. Over 60 of these trusts are still active as of September 2024.
Asbestos trust funds were required by bankruptcy courts to ensure victims are able to receive financial compensation even if asbestos companies file for bankruptcy to avoid lawsuits. More than $30 billion is available, and we can help resolve your claims quickly.
Established by companies facing bankruptcy, asbestos trust funds aim to compensate those harmed by asbestos exposure. If asbestos has impacted your health or that of a loved one, let Bergman Oslund Udo Little’s dedicated attorneys guide you toward potential trust fund compensation.