Asbestos Trust Funds

Asbestos trust funds are financial reserves set up by companies that have faced lawsuits for exposing workers and others to asbestos, a hazardous material linked to serious health issues like lung cancer and mesothelioma. After declaring bankruptcy due to liability claims, these companies establish trust funds to compensate affected individuals. Claimants can submit their cases to receive financial assistance for medical expenses and related costs. The funds ensure those harmed by asbestos exposure receive support, while also allowing companies to move forward without the burden of ongoing legal liabilities.