MesoRC: Mesothelioma Resource Center

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Legal Information
• What are my legal rights?
• Why should I file a lawsuit?
• How does the legal process work?
• How long will my potential case take?
• How long can I wait to file a lawsuit?
• How much will it cost?
• Will I have to travel?
• Will I have to testify at trial?
• Will my case be part of a class action?
• Choosing a mesothelioma lawyer

Asbestos Bankruptcy Trusts
• Asbestos bankruptcy trusts overview
• Asbestos bankruptcy trust claims
• Bankruptcy trust claims - How we can help

About Sokolove Law
• Sokolove Law overview
• Sokolove Success Stories
• Organizations we support

If you or a loved one has been diagnosed with mesothelioma or another asbestos-related disease, contact us for a free, no-obligation consultation.

THE SOKOLOVE PROMISE
If we think that a mesothelioma lawyer can move forward with your case, we'll begin immediately - at no cost to you.

Bankruptcy trusts are special funds created by asbestos companies who have filed for bankruptcy protection. A trust is designed to settle and pay claims from asbestos victims that otherwise would be brought against the company as lawsuits. In total, there is over $30 billion available in these trusts to pay victims and families who had been exposed to asbestos.

Filing an asbestos bankruptcy trust claim, like filing a traditional mesothelioma attorney to assist you can make the process go more quickly and smoothly. A qualified mesothelioma lawyer can:

• Answer all of your questions knowledgeably and promptly
• Help you complete the required paperwork and gather supporting documentation
• Negotiate to maximize the value of your mesothelioma settlement offer
• Help to reduce your stress and anxiety throughout the claim process

Sokolove Law maintains a dedicated practice group of attorneys who focus solely on investigating and filing bankruptcy trust claims for our asbestos clients. In addition to representing clients in pending bankruptcy cases, our mesothelioma attorneys have also served on various bankruptcy committees on behalf of asbestos victims. Sokolove Law’s extensive experience in bankruptcy trust claims makes us uniquely capable of helping you get the compensation you are deserve.

The process of filing a bankruptcy claim: What to expect 

Asbestos bankruptcy trusts are governed by strict rules that vary from trust to trust. All of the rules and procedures can be confusing — even overwhelming — but our qualified attorneys are here to guide you through the process. Below is an overview of what you can expect when filing a bankruptcy trust claim with the help of one of our mesothelioma attorneys. 

1. A claim form is submitted to the trust on your behalf. This document lists your name, personal information, medical condition, and a description of how you were exposed to the asbestos products covered by the trust.
2. With your assistance, your asbestos attorney provides the trust with expert medical documentation related to your injury. This documentation must demonstrate that your illness is asbestos-related.
3. Your attorney works with you to provide the trust with proof that you were exposed to an asbestos product covered by the trust. This can be done by providing an affidavit by you, a former coworker, or a family member which states that you were exposed to the product. Alternatively, we may be able to provide proof that you worked at one of the locations where the trust admits the products were used.
4. Your mesothelioma attorney negotiates with the trust, as necessary, over the sufficiency and legitimacy of your diagnosis and documentation. In some cases, additional proof and/or documentation must be supplied in order to satisfy trust requirements.
5. Your attorney negotiates the mesothelioma settlement amount with the trust on your behalf. When the bankruptcy trust agrees to pay your claim, it will pay a percentage set by the bankruptcy court. Your attorney will ensure a fair payment amount by negotiating the original settlement number.   

Although many asbestos bankruptcy trust claims are approved quickly, some within 3 months of filing, others may not be resolved for a year or longer. However, since the amount of a trust settlement can be sizeable, the effort of filing a claim is worthwhile.

Do you qualify for compensation from an asbestos bankruptcy trust?

If you have mesothelioma or another asbestos-caused illness, you may have a claim against an existing or future bankruptcy settlement trust. If you were exposed to multiple asbestos products that were manufactured by different bankrupt companies, you may actually qualify for compensation under several trusts. 

It is important to understand that even if the statute of limitations has passed for an mesothelioma lawsuit, you still may be eligible to file a trust claim. To find out if you may be entitled to receive compensation from an asbestos settlement trust, contact us for a free, no-obligation consultation.