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Nationwide Help! Call now time is limited! (504) 285-9900
The length of time it will take before you receive compensation can vary depending on a number of factors including age at diagnosis, medical expenses, loss of wages, dependents, state laws and statutes, and the companies identified as defendants. In addition, there may be Covid related delays.
Expedited trial dates are often obtainable for clients diagnosed with mesothelioma. In the past, clients have received partial monetary compensation within four months. Notwithstanding any unforeseen delays, the entire process is typically complete within ten to sixteen months.
The combined total amount in asbestos trust funds is estimated to be around 30 billion dollars. There are about 60 different active trusts at this time. The amount in each trust varies. The amount depends on how much money was put into the trust at the time the company filed for bankruptcy.
The amount paid from trusts for mesothelioma claims depends on the specifics of the claim, but amounts can range from $7,000 to $1.2 million. Your attorneys can help determine which trusts may apply to your case and when or if to file a claim with those trusts.
Just because a company is out of business or bankrupt doesn’t necessarily mean you don’t have a valid claim for damages. Companies that have filed for bankruptcy, cannot be sued. However, in declaring bankruptcy, many companies that produced asbestos products were required to establish a trust fund to be used to compensate asbestos exposure victims.
While the amount of compensation received through a bankruptcy trust fund may be less than what you might have recovered had the company not filed for bankruptcy, it’s still a viable option and may be your only option for compensation. Our attorneys can help you to evaluate whether or not you are eligible to receive compensation from such a fund.
Nationwide Help! Call now time is limited!
(504) 285-9900