Asbestos Trust Funds

What Are Mesothelioma 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.

After thousands of mesothelioma lawsuits were filed, many companies declared bankruptcy to avoid paying for their wrongdoings. However, courts required these companies to put money into asbestos trust funds for those harmed by their products.

The list of asbestos trust funds includes:

• 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

Today, it’s estimated that there’s more than $30 billion still available in mesothelioma bankruptcy trusts to help victims of asbestos exposure and their loved ones.

We can travel to you at no cost to assist with your case, regardless of where you’re located in the United States.

How Do Asbestos Trust Funds Work?

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

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

“I don’t think people quite understand how those trust funds are put together. The money is there. It has been put there to meet the needs of mesothelioma families and to pay them. Don’t feel guilty about it.”
– Sheryl, Daughter of Firm Client Burlene

Filing mesothelioma fund claims with asbestos trusts can often help clients receive compensation faster — 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.

Pursuing Multiple Asbestos Claim Payouts

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 multiple asbestos claims.

In addition to asbestos trust fund claims, you may also be able to file a mesothelioma lawsuit against any companies that haven’t already declared bankruptcy and created an asbestos trust.

Nationwide, we’ve helped asbestos exposure victims and their families recover more than $10.4 billion. See if our asbestos attorneys can fight for the asbestos claim payouts you deserve.

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• 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

Over 100 companies that mined asbestos, manufactured products containing asbestos, or used asbestos in production have filed for Chapter 11 bankruptcy protection and reorganized. More than 60 trusts are still active today.

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.

Who Can File Mesothelioma Fund Claims?

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 payouts from other types of mesothelioma legal claims instead.

Even if your loved one has already passed away, you may be able to file an asbestos claim after their death to seek compensation on their behalf.

Call (800) 326-8900 now to see if you may be able to file mesothelioma fund claims. Speaking with us is free.

Mesothelioma Settlement Funds: Our Past Payouts

In one case, we represented a 75-year-old U.S. Navy veteran from the Midwest who worked as a pipeline inspector in the oil industry for over 15 years.

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

We handled every step of the process on his behalf, so he could focus on his health and family during this difficult time.

“Helping clients secure compensation against the companies that caused their disease allows them to pay for medical bills and live their lives with a little bit of comfort after they’ve gotten sick.”
– Lisa Nathanson Busch, Chair of the Bankruptcy Department

His Asbestos Claim Payouts

Thanks to our team’s dedicated efforts, our client was able to secure more than $2.4 million in asbestos claims payouts.

Amounts awarded from the mesothelioma trust funds in his case include:

• $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

With additional asbestos lawsuit settlements, we were able to secure over $3 million in total results.

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

Get a free consultation now to find out if you may be eligible for asbestos trust fund compensation.

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

Pursuing Asbestos Trust Fund Payouts

At Simmons Hanly Conroy, our mesothelioma attorneys can handle every step of the legal process and pursue asbestos trust fund payouts on your behalf.

“My attorney went out of his way to make sure I understood my health and welfare came first. We didn’t have to do anything except provide my own personal background and biography.”
– Dr. Bonnie Snyder, Mesothelioma Survivor

With centuries of cumulative experience, our team has successfully filed thousands of claims against some of the largest asbestos bankruptcy trusts in the country.

Get a free consultation now to determine your legal options and eligibility. We only get paid if your case results in compensation. 

Step 1 Gather Asbestos Exposure Evidence

At Simmons Hanly Conroy, we can gather evidence to prove your asbestos exposure and hold bankrupt companies responsible for their negligence.

We’ll look for evidence like:

• Employment records indicating you worked with or around asbestos products
• Documentation of specific asbestos products at your job site or home
• Internal memos showing companies knew about the dangers of their products but sold them anyway
• Medical records confirming your mesothelioma diagnosis
• Witnesses who can testify to your exposure, including colleagues or family members

If you were exposed to more than one asbestos-containing product, you may qualify for compensation from multiple mesothelioma trusts, which we can determine for you.

Step 2 Filing Mesothelioma Fund Claims

Each trust has a committee that reviews mesothelioma fund claims to confirm they qualify before the claims are paid out.

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 doesn’t guarantee greater results.

We’ll file all of your mesothelioma fund claims before any deadlines set by each individual trust.

Step 3 Receive Asbestos Claim Payouts

Once your claims have been reviewed and approved, the asbestos trusts will provide you with mesothelioma settlement funds.

If the company responsible for your illness hasn’t established a trust fund, we may be able to pursue compensation from a mesothelioma lawsuit instead.

While payout timelines vary from trust to trust, clients often start to see payments within a couple of months. Our team will do everything we can to get you compensation as quickly as possible.

How Long Does an Asbestos Claim Take?

At Simmons Hanly Conroy, we’re dedicated to being one of the fastest mesothelioma law firms in the country when it comes to securing asbestos claim payouts for our clients.

“Money comes in relatively quickly, within months of filing, sometimes even 1 month at times. We try to fully resolve the case within a year to 2 years, typically a year to 18 months depending on the state.”
– Dan Blouin, Firm Partner

Between medical bills, lost wages, and other expenses, costs related to mesothelioma can add up quickly, and insurance may not cover everything.

Our team is dedicated to getting families the money they deserve as soon as possible.

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

Our Strategy for Asbestos Trusts

Many companies that filed for bankruptcy were leaders in the asbestos industry. If you’ve been diagnosed with mesothelioma, you may be able to file one or more claims with existing or future asbestos trusts.

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

Key points about asbestos trust funds:

• Your attorney will develop a legal strategy that includes bankruptcy claims and all sources of recovery.
• 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 may be able to file multiple claims with mesothelioma bankruptcy trusts, depending on your case.
• We have a dedicated bankruptcy department, led by senior attorneys.

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

Filing Mesothelioma Fund Claims in All 50 States

As a leading national mesothelioma law firm, Simmons Hanly Conroy has the experience, resources, and staff to help families in all 50 states file mesothelioma fund claims.

We have an entire bankruptcy department that’s led by senior attorneys who can work with you to file any asbestos trust fund claims you qualify for.

Why choose Simmons Hanly Conroy for your asbestos trust fund claims?

• More than 25 years of experience
• 100+ attorneys nationwide
• Over $10.4 billion in asbestos claim results
• No hourly fees or out-of-pocket costs
• More than $21 million donated to cancer research

Our team can also help you hold any asbestos companies without trust funds accountable by filing mesothelioma lawsuits in court.

Call (800) 326-8900 now or fill out our contact form to get started. Let us fight for the justice and compensation you deserve.