If you watch cable TV for as little as 1 hour a day, chances are you will come across advertisements from law firms seeking clients who have unfortunately been diagnosed with mesothelioma or lung cancer caused by asbestos.

These ads often highlight the “billions of dollars” set aside in bankruptcy for asbestos victims, implying that victims can easily tap into these funds with little effort and are essentially guaranteed to secure millions of dollars with the help of the law firm.

However, the reality is quite different from what these advertisements portray.

The Reality of Asbestos Bankruptcy Trusts

Contrary to the image presented in lawyer ads, there is no singular, large, or overarching trust that compensates asbestos victims.

Rather, about 70 asbestos trust funds remain active. There is great disparity among these, including:

  • how they are funded,
  • the amount of funding they currently have,
  • the number of claims they receive annually,
  • the criteria for qualification of a compensation claim,
  • the relative frequency they actually approve individual claims,
  • and the amount of compensation provided for successful claims.

Each Client’s Bankruptcy Profile

Each client’s bankruptcy profile is different and is primarily determined by the strength of the asbestos disease diagnosis and, most importantly, the specific facts of the client’s exposure to asbestos. Factors such as job sites where the client was exposed and the specific asbestos products they were exposed to play a crucial role in determining the compensation amount.

Asbestos Trust Fund Payouts

Since each case varies greatly, so do the asbestos trust fund payouts.

The O’Brien Law Firm, with its vast experience representing mesothelioma victims and filing asbestos trust claims, has represented clients who qualified for as few as 5 or as many as 35 asbestos trust claims. Some clients receive thousands of dollars, while others receive millions in compensation. Bottom line – there is no standard recovery in the asbestos trust system, and any representation otherwise is misleading and false.

See Qualified and Experienced Lawyers

Given the system’s complexity and variability, it is crucial to seek the representation of qualified and experienced local lawyers.

The O’Brien Law Firm has deep knowledge and experience in filing these claims for individuals in Missouri and the Midwest. We possess deep and important knowledge of the local job sites and asbestos products that shape and impact a case’s bankruptcy profile. Our expertise can make a significant difference in securing fair compensation for asbestos disease victims.

Let us put that depth of knowledge and experience to work for you. Contact us today for a FREE case evaluation!