Asbestos Trust Funds

Asbestos companies that declare bankruptcy are required to put money aside in mesothelioma trust funds to help anyone harmed by the company’s products.

As of December 2024, an estimated $30 billion is still available from over 60 companies, so there’s enough money for all future asbestos exposure victims.

Call (800) 326-8900 now to find out if you may be eligible for asbestos trust fund payouts.

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Legally Reviewed and Fact Checked by: John Simmons, Chairman of Simmons Hanly Conroy

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.

Our firm has a dedicated bankruptcy department that can identify the asbestos products you were exposed to and determine which companies may be at fault — even if you don’t know how or when your exposure took place.

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

Get a free consultation now to see if you may qualify for mesothelioma trust payouts.

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).

Burlene Jones and her husband at the beach

“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 $10.1 billion. See if our asbestos attorneys can fight for the asbestos claim payouts you deserve.

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  • 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.

CompanyAsbestos Trust FundCreated
A.P. GreenAPG Asbestos Trust2014
ABB Lummus GlobalABB Lummus Global Inc. 425(g) Asbestos PI Trust2007
A-Best ProductsA-Best Asbestos Settlement Trust2006
AC&SACandS Asbestos Settlement Trust2009
API, Inc.API, Inc. Asbestos Settlement Trust2006
Armstrong World IndustriesArmstrong World Industries Asbestos Personal Injury Settlement Trust2006
ARTRA Group, Inc.Artra 524(g) Asbestos Trust2007
ASARCO, LLCASARCO LLC Asbestos Personal Injury Settlement Trust2009
Babcock & Wilcox Co.Babcock & Wilcox Company Asbestos Personal Injury Settlement Trust2006
Bondex International/Special Products Holding Corp.Bondex Asbestos Personal Injury Trust2016
Brauer Supply Co.Brauer524(g) Asbestos Trust2012
Burns & Roe Construction GroupBurns & Roe Asbestos Personal Injury Settlement Trust2010
Burns & Roe Enterprises, Inc.Burns & Roe Asbestos Personal Injury Settlement Trust2010
C.E. ThurstonC.E. Thurston and Sons Asbestos Trust2006
Celotex Corp.Celotex Asbestos Settlement Trust1997
Christy Refractories Co. LLCChristy Refractories Asbestos Personal Injury Trust2012
Combustion EngineeringCombustion Engineering 524(g) Asbestos PI Trust2006
Congoleum Corp.Congoleum Plan Trust2011
DuroDyne National Corp.Duro Dyne Asbestos Personal Injury Trust2021
Eagle Picher IndustriesEagle Picher Industries Inc. Personal Injury Settlement Trust1996
Fairbanks International Inc.Fairbanks International Inc.2023
Federal Mogul (T&N, Flexitallic, Ferodo)Federal Mogul Asbestos Personal Injury Trust- Turner & Newall Subfund2007
Flintkote Co./Flintkote MinesFlintkote Asbestos PI Trust2015
Fuller-AustinFuller-Austin Asbestos Settlement Trust1999
Garlock Sealing Technologies, LLC (Anchor Packing Company and Garrison)Garlock Settlement Trust2018
General Motors Corp.Motors Liquidation Company Asbestos PI Trust (General Motors)2012
George V. Hamilton Inc.Geo. V Hamilton, Inc. Asbestos Trust2019
G-I Holdings, Inc.G-I Holdings Inc. Asbestos Personal Injury Trust2010
Global Industrial Technologies (Harbison-Walker)DII Industries, LLC Asbestos PI Trust2005
H.K. Porter Co.H.K. Porter Asbestos Trust 2008
Hercules Chemical Co.Hercules Chemical Company, Inc. Asbestos Settlement Trust 2010
Johns Manville Corp.Manville Personal Injury Settlement Trust 1988
J.T. Thorpe Co.J.T. Thorpe Company Successor Trust (TX)2004
J.T. Thorpe Inc.J.T. Thorpe Settlement Trust (CA)2006
Kaiser AluminumKaiser Aluminum & Chemical Corporation Asbestos Personal Injury Trust2006
Keene Corp.Keene Creditors Trust2006
Kentile FloorsMetex Asbestos PI Trust2015
Leslie Controls, Inc.Leslie Controls, Inc. Asbestos Personal Injury Trust 2012
MallinckrodtMallinckrodt Asbestos Personal Injury Settlement Trust
Maremont CorporationMaremont Asbestos Personal Injury Trust2019
Mid-Valley Inc. (Halliburton)DII Industries, LLC Asbestos PI Trust (HAL)2005
National GypsumNGC Bodily Injury Trust1993
North American Refractories Corp. (NARCO)North American Refractories Company Asbestos Personal Injury Settlement Trust2013
Owens Corning Corp.Owens Corning Fibreboard Asbestos Personal Injury Trust
– Owens Corning Subfund
2006
Owens Corning FibreboardOwens Corning Fibreboard Asbestos Personal Injury Trust
– Fibreboard Subfund
2006
Pittsburgh CorningPittsburgh Corning Corporation Asbestos Personal Injury
Settlement Trust
2017
Plant Insulation Co.Plant Asbestos Settlement Trust 2014
Plibrico Co.Plibrico 524(g) Trust2006
Porter-Hayden Co.Porter Hayden Bodiy Injury Trust2007
Quigley Co.Quigley Company, Inc. Asbestos PI Trust2014
Raymark Corp./Raytech Corp.Raytech Corporation Asbestos Personal Injury Settlement Trust 2010
SEPCOSepco Asbestos PI Trust2020
Shook and FletcherShook & Fletcher Asbestos Settlement Trust2004
State Insulations Corp.State Insulation Corporation Asbestos PI Trust2016
Swan Transportation Co.Swan Asbestos and Silica Settlement Trust2003
T.H. Agriculture and Nutrition, LLCT.H. Agriculture & Nutrition, LLC Asbestos Personal Injury Trust2009
Thorpe Insulation Co.Thorpe Insulation Company Asbestos Personal Injury Settlement Trust2010
United Gilsonite LaboratoriesUnited Gilsonite Laboratories Asbestos Personal Injury Trust2015
United States Mineral ProductsUnited States Mineral Products Company Asbestos PI Settlement Trust2008
USG Corp.United States Gypsum Asbestos Personal Injury Settlement Trust2006
Utex IndustriesUtex Industries, Inc. Successor Trust2005
W.R. GraceW.R. Grace & Co. Asbestos Personal Injury Settlement Trust2014
Western MacArthur/Western AsbestosWestern Asbestos Settlement Trust2004
Yarway CorporationYarway Asbestos Personal Injury Trust2015

Didn’t find the company you were looking for? You may still qualify for compensation. Contact us now to find out.

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.

Professional headshot of Lisa Nathanson Busch

“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.

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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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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.

Bonnie, a mesothelioma survivor

“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.

Professional headshot of Daniel Blouin

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

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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.

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 $10.1 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.

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Mesothelioma Fund Claim Payout FAQs

How much is left in the asbestos trust fund?

As of December 2024, there’s an estimated $30 billion still available in asbestos trust funds, and you may be eligible for a portion of this money.

Contact us now to find out if you can access asbestos trust fund compensation from the comfort of your own home. It costs nothing to speak with us.

How many asbestos trust funds are there?

Since the 1980s, more than 100 asbestos trust funds have been established by companies that filed for bankruptcy.

Today, over 60 asbestos trusts remain active. Our mesothelioma attorneys can identify all of the trusts you qualify for and file claims with each one to maximize the compensation you may receive.

Who is eligible for mesothelioma trust fund payouts?

Patients with mesothelioma, their family members, or their estate representatives may be eligible for mesothelioma trust fund payouts.

Get a free consultation now to see if you may qualify for compensation from asbestos trust funds. We can handle every step of the process on your behalf if you have a case.

What is the average payout for asbestos trust funds?

Amounts awarded from the mesothelioma trust funds vary depending on the unique details of each case, and there’s never a guarantee of compensation.

In one case, we recovered over $2.4 million from mesothelioma funds alone. Our attorneys will work to maximize your total payout by pursuing compensation from all of the asbestos trusts you qualify for.

Call (800) 326-8900 now. You may be eligible for mesothelioma settlement funds that we can fight for on your behalf.

Who pays for asbestos claims?

Asbestos claims are paid by companies that made, sold, or distributed products containing asbestos. When declaring bankruptcy, these companies set money aside in trust funds to provide for future victims.

Asbestos claims may also refer to mesothelioma lawsuits filed against companies that haven’t declared bankruptcy. In these cases, the money comes directly from the negligent asbestos company.

When should I file asbestos trust fund claims?

You should file your asbestos trust fund claims as soon as possible. Each trust sets strict deadlines for how long you have to pursue compensation after your mesothelioma diagnosis or the death of a loved one

Contact us now to find out if our mesothelioma attorneys can help — before it’s too late. If these deadlines pass, you won’t be able to file an asbestos trust fund claim again.

Can family members pursue asbestos settlement trust funds?

Yes. Family members of a mesothelioma patient who has passed away may be able to pursue asbestos settlement trust funds.

Loved ones may also be able to file a mesothelioma wrongful death lawsuit and receive compensation for funeral expenses, outstanding medical bills, and more.

Do I need a lawyer to get asbestos trust fund payouts?

When filing a mesothelioma fund claim, it can be highly beneficial to work with a lawyer who can handle the legal process and fight to get you the results you deserve.

Because mesothelioma occurs decades after exposure to asbestos, many patients don’t remember all the products they used or aren’t familiar with the company that made them. That’s where our lawyers come in.

We can identify all of the companies that may have played a role in your asbestos exposure and pursue compensation from each.

What determines asbestos claim payout amounts?

Asbestos claim payout amounts vary based on a few specific factors in each case, like the:

  • Extent of your exposure to asbestos
  • Asbestos-related illness you’ve been diagnosed with
  • 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 get the compensation they deserve.

Call (800) 326-8900 now to get started with a free, no-obligation consultation.

Do mesothelioma settlement funds affect VA benefits?

As a U.S. military veteran with mesothelioma, filing an asbestos or mesothelioma trust fund claim doesn’t prevent you from filing mesothelioma VA claims or receiving VA benefits.

Our VA-accredited attorneys can help you prepare your VA claims and pursue payouts from any asbestos trust funds you qualify for.

Reviewed by: John Simmons Chairman of Simmons Hanly Conroy

  • Fact-Checked
  • Legal Reviewer

John Simmons is a founder and Chairman of Simmons Hanly Conroy. After serving in the U.S. Army, he went on to earn his Doctor of Law degree from Southern Methodist University School of Law. He has helped recover some of the biggest verdicts and settlements in asbestos litigation history and is rated as one of the Top 100 Trial Lawyers.

Simmons Support Team: Last modified:
View Sources
  1. RAND Corporation. “Asbestos Bankruptcy Trusts.” Retrieved from: https://www.rand.org/content/dam/rand/pubs/technical_reports/2010/RAND_TR872.sum.pdf. Accessed on November 13, 2024.

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