When Boston asbestos lawsuits first began to stack up back in the 1970s, it wasn’t long before defendants, victims and judges concluded that valid personal injury claims were going to outpace the amount of money available to adequately compensate those who had been wronged. 
It was for this reason that many asbestos defendants started to file for bankruptcy protection – but they weren’t able to get off the hook entirely. Approximately 100 companies have filed for bankruptcy reorganization actions that allowed the firms to set aside money for current and future asbestos injury claims while continuing to operate. Some companies no longer operate, but still have trustees managing these asbestos bankruptcy trusts as claimants continue to emerge decades after exposure.
In these cases, the court decides how much money the firm must set aside (based on projections of current and future liability). It’s often an involved process. But once it’s approved, filing a claim with a mesothelioma bankruptcy trust is a fairly streamlined process. An experienced attorney can help you appropriately file the claim.
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