https://www.youtube.com/watch?v=alAya8ufRz8 Asbestos Compensation Payouts From Bankruptcy Trust Funds Asbestos victims are paid out from a number of asbestos trust funds in bankruptcy. Each bankrupt company has set aside tens of billions of dollars to pay claims. Many defendant companies opt to settle out of court to avoid the costs, negative publicity and prolonged litigation that a trial could bring. Compensation amounts can vary from case to case. Industrial Injuries Disability Benefit (IIDB). You could be entitled to benefits if you've been diagnosed as having an asbestos-related illness such as mesothelioma, diffuse pleural thickness or any other asbestos-related illnesses. These benefits can help you, your family and acquaintances to pay for care and living expenses. In this blog post, expert asbestos solicitor John Hall from Trethowans looks at the benefits available and how you can apply for them. The Industrial Injuries Disablement Benefit scheme is administered by the Department for Work and Pensions (DWP) and pays when you are diagnosed with certain illnesses due to your job. This includes work performed in the armed services. It also covers those who were exposed to asbestos while working abroad for a UK-based business, even although they were not employed by the company. The benefit is payable on a no fault basis, which means that you do not need to prove your employer's negligence. There are more than 70 prescriptive diseases for which IIDB is available and a list of these is included in DWP leaflet DB1. To be eligible to claim, you must have been in a position to work at the time of your diagnosis, have an approved illness or disease and satisfy other requirements. A doctor will evaluate the extent of your disability and grant you an assessment percentage. This will be reduced if you have a pre-existing medical condition or other repercussions of your illness or injury. Your condition will also be reassessed after a set period of time to confirm that