How Are Lawsuits Against Bankrupt Asbestos Companies Handled?

Attorney Sam Taylor explains the difference between filing asbestos & mesothelioma claims against bankrupt companies vs. companies that are still in business.

"The claims against the existing companies involve litigation, the filing of lawsuits, and potentially trials if the case is not resolved by virtue of a settlement. Conversely, although they're being handled simultaneously, the bankruptcy claims are not a lawsuit. They are claims with the various trust claims that have been set up by bankrupt companies."

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