Mesothelioma Cases Have Increased in Number. Is There Enough Money for Your Claim?
The short answer is: Yes.
Filing for a mesothelioma compensation claimAsbestos trust funds are designed to cover all present and future settlement claims against the respective company. Filing for a mesothelioma compensation claim (https://www.elglaw.com/mesothelioma-compensation/) is neither complicated nor risky. With the help of counsel experienced in this field, you can easily put together the documentation for your claim and demand your rightful compensation.
The debate over the possibility that mesothelioma compensation funds may be running out of money hit the ground running a while back when an Australian construction company revealed its funding for asbestos-related compensation claims might fall short within half a year. However, that situation was singular and involved a complex mixture of corporate mismanagement in cheating the Australian tax system and mislead the stock exchange on asbestos settlements.
In the United States, the state of asbestos trust funds is much healthier, and your claim is guaranteed to be paid within a reasonable amount of time. If you feel your financial needs must be met sooner than the regular processing of the case would allow, you can go through the expedited review to make sure the settlement is awarded within two months.
The system under which these trust funds operate was at times brought into the spotlight. Suggestions were made to improve it. However, the conclusion of each review was that the current arrangement is the best possible under the circumstances, for both plaintiffs (the injured party) and defendants (the company you are filing against).
Asbestos trust fundsBusinesses that used asbestos at their sites are now under severe litigation strain from consequent claims for asbestos-related diseases. These companies are allowed to file for bankruptcy while being required to set aside a trust fund to pay "pennies on the dollar" to plaintiffs. It is a system that allows the injured parties to recover their damages in a different manner than that granted through the tort system, while still allowing these companies to be active.
These bankruptcy trusts pay your settlement (https://www.elglaw.com/faq/who-pays-for-mesothelioma/) by assigning their value to different types of asbestos-related medical conditions. Your mesothelioma case value (https://www.elglaw.com/faq/once-you-evaluate-my-case-will-you-be-able-to-tell-me-how-much-compensation-i-will-get/) will be assessed based on these criteria (such as the kind of disease and severity of the injury, mesothelioma being the most severe).
Just be aware: as opposed to lawsuits filed against companies still in operation, claims against bankruptcy funds will bring in much smaller amounts. Since this is the only form you can obtain compensation, however, there is not much you can do about it. And the advantage is that the process is speedier and avoids the hassle of a court case. All you need for a mesothelioma claim against a trust fund is an attorney with experience in handling mesothelioma trust claims.