Many companies with asbestos liabilities have sought to take advantage of company-friendly corporate bankruptcy laws to remove themselves from the asbestos civil tort system and to separate the bulk of their assets from their asbestos liabilities. For those suffering from mesothelioma or other diseases from asbestos exposure, and their family members, options still exist for compensation.
At Brayton Purcell LLP, we specialize in collecting from asbestos compensation funds, also known as asbestos bankruptcy trusts.
Asbestos Bankruptcy Filings Do Not Deny Mesothelioma Victims Compensation
The filing of bankruptcy by a defendant in an asbestos exposure and mesothelioma claim does not equate to a lack of money. Courts have ordered these companies filing bankruptcy under section 524(g) of the U.S. Bankruptcy Code to set up trust funds exclusively to compensate asbestos victims. Many billions of dollars have been set aside in trust for qualified claimants.
Trustees establish distribution procedures and get consent from advisory committees, including current and future claims or their representatives.
Combining the experience of 45 highly skilled lawyers, the dedication of 220 seasoned support personnel and the diligence of an in-house investigative team, the California-based law firm of Brayton Purcell LLP, devotes its vast resources to pursuing the best outcome and maximizing compensation for clients. For more information on asbestos trusts or to schedule a free initial consultation with an experienced mesothelioma asbestos bankruptcy attorney, please contact Brayton Purcell LLP today.