https://www.youtube.com/watch?v=MnGRZnYNyV8 Asbestos Compensation Payouts From Bankruptcy Trust Funds Asbestos victims receive compensation from trust funds of bankruptcy. Each bankrupt company has set aside billions of dollars to pay claims settlement. Many defendant companies settle out of court in order to avoid the costs as well as negative publicity and long-running litigation that a trial might result in. Compensation amounts can differ from case to case. Industrial Injuries Disablement Benefit (IIDB) You could be eligible for benefits if you have been diagnosed as having an asbestos-related condition like mesothelioma or diffuse pleural thickness or other asbestos-related illnesses. These benefits can help you, your family members and friends pay for the cost of living and medical expenses. John Hall, a specialist asbestos solicitor from Trethowans explores the benefits available and how to use them in this blog. The Industrial Injuries Disablement Benefit Scheme is managed by the Department for Work and Pensions. It will pay out if certain illnesses are identified because of your work. This includes work performed in the army. covers employees who were exposed to asbestos while working abroad for a UK-based company even when they weren't employed by that company. The benefit is paid on a no-fault basis, meaning that you don't have to prove that 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. You must meet certain requirements to be eligible for a claim. This includes being able to work once you were diagnosed, suffering from a disease or illness that is approved, and completing other requirements. A doctor will determine your degree of disability, and give you an amount. This can be reduced if have a pre-existing condition or other repercussions of your illness or injury. Your condition will be reviewed within a specific time frame to make sure that your