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.
If the company responsible for your asbestos exposure is no longer in business, you may be eligible to receive compensation from their mesothelioma trust fund. An attorney can help you identify the appropriate fund. If you are eligible to file with a mesothelioma trust fund, an attorney can file the claim on your behalf.
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.
When asbestos manufacturers file for bankruptcy, they are required to create asbestos trust funds, also referred to as mesothelioma trust funds. These trust funds are established in order to provide compensation for future mesothelioma victims as well as others injured by asbestos exposure. In some cases, you may be able to file claims with more than one trust fund.
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.
It depends on details of your individual case, but typically mesothelioma claims seek to recover damages (compensation) to cover medical bills, travel for treatments, pain and suffering, funeral costs and other expenses related to a mesothelioma diagnosis.
First and foremost you will need a mesothelioma diagnosis. In addition, various records and documents, which your attorney can help to locate, are necessary in order to successfully file a mesothelioma claim.
Such documents include medical records, work records demonstrating you worked at a facility or jobsite that caused you to be exposed to asbestos, and financial records showing the financial hardships the illness has caused you and your family.
Hundreds of companies have been named in prior mesothelioma lawsuits as a result of manufacturing or distributing asbestos products. An attorney familiar with mesothelioma cases can help you to pinpoint when and where you were exposed to asbestos.
Because the asbestos exposure that caused disease took place decades earlier, it is not unusual to not remember the details of your exposure. With our experience and vast data-base of documents, witness testimony, and other information, we can help determine the potential sources of your exposure.
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