TRUST FUND GUIDE

Asbestos Trust Funds

Plain-English guides to the major asbestos bankruptcy trusts, how they pay claims, and what your claim may be worth.

Companies that made or sold asbestos products faced so many injury claims that many of them filed for bankruptcy. As part of those reorganizations, the courts required them to set up trust funds to pay present and future asbestos victims. Today those trusts hold billions of dollars in reserve for people diagnosed with mesothelioma, lung cancer, asbestosis, and other asbestos-related diseases.

Most claimants have valid claims against several trusts at once. Every trust has its own rules, its own scheduled values by disease level, and its own payment percentage, so pinning down which trusts apply to your work history matters. This section is our library of plain-English guides to each major asbestos trust, updated from the trusts’ own filings and notices.

We are Throneberry Law Group, a nationwide mesothelioma law firm. Our founding attorney, Michael Throneberry, has more than two decades of asbestos experience and a personal connection to this disease. If you or a family member worked around asbestos and later got sick, you can contact us for a free case review.

THE TRUSTS WE FILE AGAINST

Tier 1 Asbestos Trust Fund Guides

These are the major asbestos bankruptcy trusts with published claim schedules that our clients most often have claims against. Each guide covers what the trust is, which products and jobs it covers, how it values and pays claims, and how we file.

More trust guides (Tiers 2 through 4) are drafted and will publish under this hub in the coming batches. If you are looking for a trust that is not yet listed, our firm files against every major asbestos bankruptcy trust with a published payment schedule.

HOW IT WORKS

How Asbestos Trust Fund Claims Work

Each trust runs on Trust Distribution Procedures approved by the bankruptcy court that set it up. Those procedures define disease levels, the scheduled dollar value the trust assigns to each level, and the payment percentage the trust actually pays out. Nearly every trust also offers two review tracks: a faster Expedited Review that pays the fixed scheduled value multiplied by the payment percentage, and a slower Individual Review that can pay more for cases with strong documentation.

Because payment percentages get reduced over time as more claims come in, current-year numbers on any given trust may run below what the trust originally scheduled. Every guide in this section reflects the trust’s most recent published notices and payment percentage.

Filing With Multiple Trusts

A worker who spent decades in industrial insulation, shipbuilding, power-plant maintenance, or auto brakes and gaskets was rarely exposed to just one company’s products. Most of our clients qualify for claims against several of these trusts at once, and each one is a separate source of recovery. We map every job site, every employer, and every product a client handled against the covered exposure lists inside each trust’s procedures before we file. You can also read our overview of mesothelioma compensation to see how trust money fits alongside lawsuits and other sources of recovery.

GET HELP

Nationwide Trust Fund Filings at Throneberry Law Group

If you or a loved one was diagnosed with mesothelioma, lung cancer, or another asbestos-related disease, the asbestos trust system may owe you money from more than one source. We work on contingency, so you pay nothing unless we recover for you.

DISCLAIMER

This page is general information, not legal advice. Trust payment percentages, scheduled values, and rules change over time, and the figures on these guides may not be current when you read them. Contacting us through a form or a call does not create an attorney-client relationship. Every case is different, and past results do not promise a future outcome.

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