A scheduled value is the fixed dollar amount that an asbestos bankruptcy trust assigns to a particular disease when a claim qualifies under its expedited review process. Each trust publishes a schedule listing diseases and their preset payout amounts. Claimants who meet the medical and exposure criteria receive that scheduled value, multiplied by the trust's current payment percentage.
Origin
Scheduled values grew out of the asbestos bankruptcy trusts created under Section 524(g) of the U.S. Bankruptcy Code, beginning in the 1980s and expanding through the 1990s and 2000s. Trusts adopted disease schedules to process large volumes of claims fairly and predictably.
Significance in Asbestos Context
For a patient filing trust claims, the scheduled value tells you roughly what a given trust will pay for your specific diagnosis before any reductions. Most people can take the scheduled value through expedited review if their records meet the trust's criteria, which is faster and simpler than the individual review option. The amount you actually receive is the scheduled value multiplied by the trust's payment percentage, which is often well below 100% because trusts stretch limited funds across both current and future claimants. Your legal team can tell you which trusts your work history qualifies you to file with and what each schedules for your disease.
Example Sentence
The trust's schedule listed a value of $180,000 for mesothelioma, but at a 25% payment percentage the actual payout came to $45,000.
Related Terms
Asbestos Trust, Payment Percentage, Expedited Review, Individual Review, 524(g) Trust, Trust Distribution Procedures
Notes
- Ask your attorney which trusts your exposure history qualifies you for and the scheduled value each assigns to your diagnosis.
- Gather the specific medical and exposure documents each trust requires for expedited review, such as pathology confirming the disease and proof of exposure to that company's products.
- Compare the scheduled value against the individual review option, which can pay more but takes longer and demands stronger proof.
Category: Trust System & Claims · All Lexicon terms A–Z
This page is provided for general informational purposes and does not constitute legal advice. Every asbestos case turns on its own facts, exposure history, diagnosis, deadlines, available evidence, and applicable law. Reviewing this page does not create an attorney-client relationship. For advice about your specific situation, call 833-4-ASBESTOS for a free case review.