Asbestos Trust Funds
Asbestos trust funds were set up by asbestos companies for the victims of exposure-related diseases. After declaring bankruptcy, courts forced the manufacturers responsible for the flood of mesothelioma and other asbestos-linked diagnoses to form trusts to pay future legal claims. An asbestos trust fund allows a victim who has been impacted by the company’s negligence to receive compensation, even though the business is no longer operational.
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