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How Do Payments From Bankruptcy Trusts Benefit Mesothelioma Patients?

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Daniel Wasserberg

Daniel Wasserberg, partner at Meirowitz & Wasserberg, explains how asbestos bankruptcy trusts can benefit mesothelioma patients.

With the asbestos bankruptcy trusts, they pay percentage of what the, true litigation value is worth. Some of them pay four or five percent of a hundred percent of what the value would be. Some of them pay more like twenty percent of what the value would be. And there are actually one or two that do pay the full value. But for the most part, It's a small percentage. Say that, the average mesothelioma claim was considered by everyone involved in the formation of the bankruptcy to be a hundred thousand dollars. And the payment percentage was ten percent. That mesothelioma claim under a regular valuation is gonna be worth ten thousand dollars in payment from the trust. And, you know, it's unfortunate that you're not getting one hundred thousand dollars but it's better than nothing.