Asbestos Trust Funds

What Are Asbestos Trusts?

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.

A list of asbestos trust funds created by well-known companies 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 trust funds to help victims of asbestos exposure and their loved ones.

“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 a Mesothelioma Warrior

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 or their loved ones 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).

Asbestos trust fund claims generally involve:

• Identifying all asbestos products a victim was exposed to
• Determining which companies made or sold those products
• Gathering medical records and work history to show how the exposure occurred
• Preparing and filing claims with the appropriate trust funds
• Receiving payment if the claim is approved

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 that played a role in your illness should be held responsible. As a result, many families are able to file multiple asbestos claims.

While some companies created asbestos bankruptcy trusts, others are still operating today and can be held accountable through a mesothelioma lawsuit. In many cases, both options may be available.

“Our firm is unique in that we can help families file both trust fund claims and lawsuits simultaneously. This way, we’re able to maximize the compensation our clients may receive and make sure no opportunity for recovery is missed.”
– Lisa Nathanson Busch, Chair of the Bankruptcy Department

Nationwide, we’ve helped asbestos exposure victims and their families recover more than $10.7 billion. See if we 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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Active Asbestos Trust Fund List 2026

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 asbestos companies to set up trusts to compensate current and future victims with valid mesothelioma cancer claims. The following is just a partial list of asbestos trust funds.

While this is the current list of asbestos bankruptcy trusts, many other companies may have made, sold, or used asbestos-containing products.

Qualifications for Asbestos Trust Funds

If you or a loved one has been diagnosed with mesothelioma, and your illness can be linked to asbestos products made or sold by a company with an active trust, you may qualify for compensation from an asbestos trust fund.

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

Eligibility for asbestos trust fund claims includes:  

• The diagnosis of an asbestos-related disease like mesothelioma
• Exposure to an asbestos-containing product made by a company with a trust
• Filing before the mesothelioma trust fund deadline

If the company responsible for the exposure doesn’t have an asbestos bankruptcy trust set up, your lawyers may be able to secure payouts from other types of mesothelioma legal claims instead.

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

Deadlines on Asbestos Trust Fund Payouts

Mesothelioma trust claims are subject to filing deadlines, which can limit how long you have to seek asbestos trust fund payouts.

These deadlines vary by trust, but in some cases, they can be as short as 1 year after a mesothelioma diagnosis or the death of a loved one.

Because of this, it’s important to contact an experienced mesothelioma attorney as soon as possible. We can determine which asbestos bankruptcy trusts you qualify for and file your claims before the deadlines expire.

Our Asbestos Trust Fund Settlements

At Simmons Hanly Conroy, we’ve secured over $10.3 billion for clients affected by mesothelioma, including compensation from asbestos trust fund settlements.

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, but he wasn’t sure which products he was exposed to.

By working with 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.

”I review each client’s employment documents and military service records to identify which companies are linked to trust funds and which can still be sued. This helps us secure compensation from all possible sources.”
– Arthur Prystowsky, Firm Partner

Our Past 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 from multiple trusts.

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 valve company trusts
• $600,000 from other trusts

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

The asbestos trust fund settlements allowed him to afford treatment with a specialist who 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 mesothelioma trust fund awards.

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.

Contact us 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 an Asbestos Trust Fund Claim

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

We’ll 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 Get 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.

See How We Have Helped Others

Our firm has helped thousands of clients seek mesothelioma compensation for family members and patients. See what our clients say.

“One check showed up, and then another, and another, and they’re still coming in now.”
– Jimmy, Stage Producer with Mesothelioma

“My kids are going to be taken care of, so there’s peace of mind knowing I won’t have to worry about them.”
– John, Construction Worker with Mesothelioma

“It’s expensive being sick, especially with this disease. The compensation definitely helps curb some of the expenses.”
– Jessica, Mother with Mesothelioma

“We wanted to make sure we had the financial backing to make my mom’s end of life the most comfortable.”
– Debbie, Daughter of a Mesothelioma Warrior

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.

That’s why we strive to get 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

Seeking Mesothelioma Funding for Patients & Families

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 bankruptcy trusts:

• 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.

“My dad was harmed by the manufacturers of the products that he worked with while serving in the Air Force. We knew that there were trust funds set up for help, and we felt he was entitled to that help.”
– Mike, Son of a Mesothelioma Warrior

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 Asbestos Trust 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 asbestos trust fund claims.

We have an entire bankruptcy department that’s led by senior attorneys who can work with you to file all of the mesothelioma legal 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 $10.7 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.