What is Mesothelioma? Learn about Mesothelioma Settlement Fund and Mesothelioma Compensation

by Elvia Zetticci

Mesothelioma is a type of cancer that develops in the thin layer of tissue that covers many of the internal organs (known as the mesothelium). The most common area affected is the lining of the lungs and chest wall, although it can also affect the lining of the abdomen, heart or testicles. Mesothelioma is an aggressive and deadly form of cancer. Mesothelioma treatments are available, but for many people with mesothelioma, a cure isn’t possible.

More than 80% of mesothelioma cases are caused by exposure to asbestos, a mineral that was widely used in construction and other industries until the 1970s. The greater the exposure the greater the risk. Mesothelioma symptoms may include shortness of breath, chest pain, cough, weight loss, abdominal pain and swelling. These symptoms typically come on slowly and may not appear until decades after exposure.

The diagnosis of mesothelioma may be suspected based on medical imaging and fluid tests, and is confirmed by a tissue biopsy. Treatment options may include surgery, radiation therapy, chemotherapy and pleurodesis (a procedure to prevent fluid buildup around the lungs) . The prognosis of mesothelioma depends on several factors, such as the stage of the disease, the location of the tumor, the type of cells involved and the patient’s age and general health. The average survival time after diagnosis is about one year.

Mesothelioma Settlement Fund

A mesothelioma settlement fund is a trust fund that has been set up by a bankrupt asbestos company to provide compensation to victims of asbestos exposure. A mesothelioma settlement fund is different from a mesothelioma settlement, which is a negotiated agreement between a plaintiff and a defendant before or during a lawsuit.

A mesothelioma settlement fund pays out a fixed amount of money to eligible claimants, based on a scheduled value that varies by trust fund. The scheduled value for asbestos trust fund payouts ranges from $7,000 to $1.2 million, with a median value of $126,000. A mesothelioma settlement, on the other hand, depends on several factors, such as the exposure history, the location of filing, the stage of the disease and the individual goals of the plaintiff. The average settlement ranges from $1 million to $1.4 million.

To file a claim with a mesothelioma settlement fund, you need to have a diagnosis of mesothelioma or another asbestos-related disease and evidence of asbestos exposure from the company that created the trust fund. You also need to meet the eligibility criteria and filing deadlines of each trust fund. To file a lawsuit and seek a settlement, you need to have a diagnosis of mesothelioma and hire a mesothelioma lawyer who can help you identify the liable parties and negotiate a fair settlement on your behalf.

Mesothelioma Compensation

Mesothelioma compensation is a financial award paid to patients and family members affected by mesothelioma cancer. Mesothelioma compensation can help cover medical expenses, lost wages, travel costs and other losses. Mesothelioma compensation can be obtained from different sources, such as asbestos trust funds, trial verdicts and settlements.

How to choose a good mesothelioma law firm?

Asbestos trust funds are set up by bankrupt asbestos companies to pay future asbestos victims. Asbestos trust funds can pay out more than $150,000 per claim. Trial verdicts are decided by a jury after a mesothelioma lawsuit goes to court. Trial verdicts can award more than $2 million on average. Settlements are negotiated agreements between the plaintiff and the defendant before or during a trial. Settlements can range from $1 million to $1.4 million on average.

The amount of mesothelioma compensation depends on several factors, such as the type of claim, the location of filing, the exposure history, the stage of the disease and the individual goals of the plaintiff. A mesothelioma lawyer can help determine the best option for each case and guide the plaintiff through the filing process.

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