Asbestos Companies File Bankruptcy

The result of the corporate bankruptcy settlements for many of these corporations has included the establishment of a trust fund that the company sets aside to cover compensation for those who file claims based on asbestos exposure. Several of those trust funds hold well in excess of $1 billion dollars. An integral part of any asbestos litigation today may involve filing claims directly with those trust funds as well as against the companies that were responsible for the asbestos exposure suffered by the plaintiff.