Bankruptcy Law in New York, Nationwide and Asbestos Cases

Despite the fact that many asbestos companies and employers responsible for asbestos exposures have filed for bankruptcy protection, the law in New York and nationwide still enables victims with proven asbestos-related illnesses to seek assistance with medical expenses from those bankruptcy trusts.

Here, New York asbestos lawyer Joseph Williams of The Williams Law Firm, P.C. talks about how to make a claim to an asbestos bankruptcy trust. He explains that all trusts have stipulations for making claims, such as requiring proof that the victim a) is truly sick with an asbestos-related disease, and b) was exposed to asbestos while on the job.

The good news is that bankruptcy law has required asbestos companies in New York and nationwide to set aside $30 billion in trust funds for victims of mesothelioma and other asbestos-related diseases.