Asbestos Trust Funds

What Are Asbestos Trust Funds?

Asbestos trust funds are money set aside for mesothelioma patients and their families by the bankrupt companies that made the products responsible for their illness. Billions of dollars have already been paid out, and billions more remain available.

As asbestos litigation became more commonplace, many asbestos companies filed for bankruptcy to avoid paying for their wrongdoings. However, the courts required these bankrupt companies to put money aside for future victims of the company’s products.

A few of the companies with asbestos trust funds are:

• Armstrong World Industries
• Babcock & Wilcox
• Bondex
• DII Industries
• Federal-Mogul Corp.
• Flexitallic
• Johns-Manville Corporation
• National Gypsum
• Owens Corning Fibreboard
• Pittsburgh Corning Corp. (PCC)
• Turner & Newall
• United States Gypsum (USG)
• Western Asbestos Company
• W.R. Grace

Our firm has a dedicated bankruptcy department to determine our clients’ exposure history and file as many claims as possible on their behalf. We can travel to you at no cost to assist with your case.

Get a free legal consultation now to see if our asbestos attorneys can help your family access compensation from asbestos trusts.

Who Can File Mesothelioma Fund Claims?

Generally speaking, you may be able to file an asbestos or mesothelioma fund claim if you or a loved one was:

• Diagnosed with mesothelioma, a cancer caused by asbestos exposure
• Exposed to an asbestos-containing product made by a company with a trust

If the asbestos company doesn’t have a trust fund set up, your lawyers may be able to secure compensation from other types of mesothelioma legal claims instead.

Even if your loved one has already passed away, you may still be able to file a claim on their behalf as a family member or spouse.

Call (800) 326-8900 to see if you qualify for compensation from an asbestos trust fund. It costs nothing to speak with us.

“Simmons Hanly Conroy fought for us during the darkest time of our lives. They brought hope to my dad.”
– Jill, Daughter of Bruce

How Do Asbestos Trust Funds Work?

Mesothelioma patients can submit claims to asbestos trust funds that were set up by the bankrupt companies responsible for their asbestos exposure.

The asbestos trust then provides financial compensation for those claims if the victim can prove they were exposed to the company’s product(s).

Filing claims with asbestos trusts can often help clients receive compensation more quickly — and without having to go to court.

Our attorneys will develop a legal strategy for your case that targets all potential sources of compensation, including asbestos trust fund claims.

Filing Multiple Asbestos Claims

Asbestos exposure and mesothelioma may be caused by more than one company’s negligence, and all companies should be held responsible.

Since many companies that filed for bankruptcy were leaders in the asbestos industry, it’s possible you may be able to file more than one asbestos claim.

Nationwide, we’ve helped asbestos exposure victims and their families recover more than $9.7 billion. We’ll do everything we can to get you the results you deserve.

Get a Free Legal Consultation

• We fight to maximize your results
• Many get results in as few as 90 days
• No out-of-pocket costs for your family

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Asbestos Trust Fund List

Several companies that mined asbestos, produced asbestos products or used asbestos in production processes have filed for Chapter 11 bankruptcy protection and reorganized.

The bankruptcy courts required these companies to set up trust funds to compensate current and future individuals with valid asbestos personal injury trust claims.

The following is just a partial list of asbestos companies with established trust funds.

Pursuing Asbestos Trust Fund Payouts

As a leading mesothelioma law firm nationwide, Simmons Hanly Conroy can help you with every step of the legal process, fighting on your behalf for the best results possible.

The process of filing an asbestos trust fund claim generally follows these steps:

Step 1 Contact Asbestos Attorneys

With centuries of cumulative experience, our asbestos attorneys have successfully filed thousands of claims against some of the largest asbestos bankruptcy trusts.

Our team can handle every step of the legal process on your behalf — for no out-of-pocket costs or hourly fees. We only get paid if your case results in compensation.

“The firm helped us out when nobody else would. They care about you, they really do. Your attorneys are just as concerned about your well-being as they are about what’s going on with the case.”
– Mike, Mesothelioma Warrior

Contact us now to get started. A member of our team will ask a few questions to help determine your eligibility.

Step 2 Gather Asbestos Exposure Evidence

At Simmons Hanly Conroy, we can gather the evidence to prove your exposure, determine which products you were exposed to and when, and then file any asbestos fund claims or lawsuits for you.

If you were exposed to multiple asbestos-containing products, you may qualify for compensation from multiple trusts, which we can determine for you.

Step 3 File Your Claim for Review

Then, our team will recommend either an expedited review or an individual review of your claim(s):

• Expedited Review: Most trusts have determined a set payout amount for claims meeting certain requirements. This means every qualifying claim that involves the same disease gets awarded the same amount.
• Individual Review: In some cases, our lawyers may be able to secure more money from an individual review. However, this process can take longer and may not secure greater results.

In some circumstances, you may be able to file both a mesothelioma lawsuit and an asbestos trust claim. Our attorneys are experienced in asbestos litigation and can help you decide which route is right for you.

Step 4 Receive Asbestos Claims Payouts

Regardless of how your case is reviewed, we’ll do everything we can to get you as much compensation as quickly as possible.

After reviewing and approving your claim, the asbestos trust fund will provide you with compensation.

While payout timelines vary from trust to trust, clients often start to see payments within a couple of months.

Mesothelioma Settlement Funds: Our Past Results

In one case, a 75-year-old U.S. Navy veteran from the Midwest was employed for almost 15 years as a pipeline inspector in the oil industry.

He was diagnosed with pleural mesothelioma and wanted to seek justice from the companies that knowingly exposed him to asbestos decades ago.

Although he wanted to take legal action, he wasn’t sure which products he was exposed to.

By contacting our firm, he was able to get help:

• Pinpointing which asbestos products he was exposed to during his military service and work afterward
• Submitting claims with multiple asbestos trust funds
• Filing mesothelioma lawsuits against several shipbuilding companies

“It’s my job to help clients hold corporations accountable for knowingly exposing them to asbestos and recklessly poisoning innocent workers.”
– Kenneth Danzinger, Firm Partner

His Asbestos Claim Payouts

Thanks to our team, our client was able to get over $2.4 million in asbestos claims payouts, including:

• $345,351 from asbestos company trusts
• $63,611 from pipe company trusts
• $1,137,651 from insulation company trusts
• $280,930 from valves company trusts
• $600,000 from other trusts

Additional asbestos lawsuit settlements brought his total results to over $3 million.

The awarded mesothelioma settlement funds allowed him to afford treatment with a mesothelioma specialist that wasn’t covered by his insurance. It also gave him enough money to provide for his family after his passing.

Determining Asbestos Payout Amounts

Asbestos payout amounts from trusts vary according to a number of specific factors in each case, such as the:

• Asbestos-related illness you’ve been diagnosed with
• Extent of your exposure to asbestos
• Severity of this illness and its effect on your well-being
• Number of asbestos products you were exposed to by each company
• Payment percentages set up by the trust during reorganization

As a leading national mesothelioma law firm, Simmons Hanly Conroy has the resources and experience to help victims of asbestos exposure nationwide get the compensation they deserve.

We’ve recovered over $9.7 billion for thousands of asbestos clients across the country so far. Find out if we can help your family during a free, no-obligation consultation.

Get a Free Legal Consultation

• We fight to maximize your results
• Many get results in as few as 90 days
• No out-of-pocket costs for your family

Get a Free Legal Consultation

How Simmons Hanly Conroy Handles Mesothelioma Funds

Since many of the companies that filed for bankruptcy were leaders in the asbestos industry, if you have an asbestos-related injury, it’s possible you may have one or more claims against existing or future trusts.

Your trust fund claims are handled separately from your lawsuit against solvent (non-bankrupt) defendants because federal law prohibits asbestos-related lawsuits against the reorganized company or the trust.

Key points about asbestos trust funds:

• Many asbestos companies have filed for bankruptcy protection and reorganized.
• Trusts have been set up for current and future claimants harmed by asbestos exposure.
• You might have multiple bankruptcy claims, depending on your case.
• We have a dedicated bankruptcy department, led by senior attorneys.
• Your attorney will develop a legal strategy that includes bankruptcy claims and all sources of recovery.

At Simmons Hanly Conroy, we’ll guide you through every step of the asbestos trust fund process and file claims with all of the trusts you qualify for.

Meet Our Award-Winning Asbestos Attorneys

When you work with our mesothelioma lawyers, you get the personal support of a local legal team with the resources and reach of a nationwide law firm. Meet some of our top mesothelioma lawyers below.

Meet “Best Lawyer in America” Lisa Nathanson Busch

Find Out More About Super Lawyer John Barnerd

Meet Managing Shareholder Laurence Nassif

Get to Know Asbestos Trial Attorney Jim Kramer

Get Help Filing Mesothelioma Fund Claims Now

As a leading mesothelioma law firm, Simmons Hanly Conroy has the experience, resources and staff to help you file claims against all negligent parties — those who established trusts and those you can still hold accountable in court.

Why choose Simmons Hanly Conroy for your mesothelioma legal claims?

• More than 20 years of experience
• 60+ mesothelioma attorneys nationwide
• Over $9.7 billion in asbestos claim results
• No hourly fees or out-of-pocket costs
• $20 million donated to cancer research

We’ve dedicated an entire bankruptcy department to these types of claims that’s led by senior attorneys who will work with you to file any asbestos claims you qualify for.

Call (800) 326-8900 now or fill out our contact form to find out more about the mesothelioma compensation you may qualify for during a free case review.