The 10 Scariest Things About Asbestos Trust Fund Payouts
Asbestos Trust Fund Payouts
Because of asbestos' lengthy period of latency, many people may not have realized they were exposed until a long time afterward. When asbestos lawsuits-producing companies went under the courts established trusts to pay victims.
Each asbestos lawsuits trust has its own rules on how compensation is awarded and how claims are processed. The process is streamlined to ensure that victims receive the compensation they deserve.
Liquidation
The asbestos companies that manufactured or distributed asbestos lawyer-containing products filed for bankruptcy in order to be protected from lawsuits brought by victims. During the bankruptcy process, these companies created trust funds that allowed Asbestos lawyer-related illnesses to be compensated by these companies. Mesothelioma patients receive the highest money from these trusts, but asbestosis and lung cancer sufferers can also get payouts that are usually six figures or greater.
Because of asbestos' lengthy period of latency, many people may not have realized they were exposed until a long time afterward. When asbestos lawsuits-producing companies went under the courts established trusts to pay victims.
Each asbestos lawsuits trust has its own rules on how compensation is awarded and how claims are processed. The process is streamlined to ensure that victims receive the compensation they deserve.
Liquidation
The asbestos companies that manufactured or distributed asbestos lawyer-containing products filed for bankruptcy in order to be protected from lawsuits brought by victims. During the bankruptcy process, these companies created trust funds that allowed Asbestos lawyer-related illnesses to be compensated by these companies. Mesothelioma patients receive the highest money from these trusts, but asbestosis and lung cancer sufferers can also get payouts that are usually six figures or greater.
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