Archive for 'bp business claim'

BP Claims Payment

BP CLAIMS PAYMENT AS GULF COAST CLAIMANTS WAIT FOR RELIEF, BP EXECUTIVES GET A PAY RAISE.

BP Claims PaymentAs Gulf Coast claimants wait to recover BP Claims Payment from the oil spill of 2010, the largest environmental disaster in history, the oil giant adds insult to injury by dramatically increasing the salaries of executives instead of paying the victims of the spill.  While many Gulf Coast claimants are still reeling from the effects of the spill, BP continues to be one of the most profitable companies in the world.  BP was so profitable in fact that BP CEO Robert Dudley received a pay raise worth triple from his total pay in 2012.  Counting salary, bonus, and stock options, Dudley’s compensation was $8.7 million. With his pension included, Dudley cleared $13.2 million. This is a little unsettling, to say the least, for local Gulf Coast companies who are STILL waiting for their BP Claims Payment and still trying to recover from the loss of business, homes, and jobs. BP appealed the settlement for the BP Claims Payment in late 2013, stating that losses were being claimed by companies whose losses did not originate from the spill.  Many suspect this is yet another stall tactic to avoid paying claimants, even though BP claims that they are “committed to paying all legitimate claims of real people who suffered real financial losses from the spill.” In December 2013, a judge said BP can’t change the interpretation of its settlement just because it is paying more for losses than it expected. That judge’s ruling was upheld in early March 2014. “The settlement agreement does not require a claimant to submit evidence that the claim arose as a result of the oil spill,” Circuit Judge Leslie Southwick wrote. Because of this, BP will have to stick to its original agreement

 

Even more unsettling is the amount of money BP is spending on PR, and the way they are trying to “shame and blame” the claimants.   “BP remains committed one of the ads reads. “But we will take whatever legal steps necessary to ensure that fraud is not rewarded and claims money goes to claimants who actually deserve it.”  So far, the above statement can be translated as “pay no one in order to avoid claimants committing fraud or getting money they don’t deserve.”  Sadly, many Gulf Coast residents and business owners would agree with that statement.

 

As they consider whether or not to appeal again BP Claims Payment, the effects of the 2010 disaster still linger in the Gulf. As of March 3, tar balls are still being collected from Florida beaches nearly four years after the spill. And recent research has found that chemicals in crude oil can be harmful to hearts of developing fish, meaning that any organism that swam near the Deepwater Horizon rig was exposed to cardiac risks.  We at BPClaims.org are committed to helping claimants navigate the economic and medical claims process, and most importantly making sure that claimants get the money they are entitled to.  After the latest ruling on BP Claims Payment, we are hopeful that some claims will get paid, and we thank the 5th Circuit Court and Judges like Leslie Southwick for forcing BP to “make it right” for the Gulf Coast claimants.

 

BP Payments Ordered to Resume?

The claimants of the Deepwater Horizon Economic Settlement celebrated a small victory earlier this month when it was decided in a 2:1 vote by the 5th Circuit Court of Appeals that BP will have to resume payments to victims of the oil spill.  Unfortunately, even though Judge Leslie Southwick ordered that BP will have to pay up under the terms of its agreement, many business owners are still waiting to get paid.

 

Back in December 2013, the 5th Circuit made a ruling that required Judge Barbier to halt payments temporarily in cases where causation was not proven until that particular rule was changed under a stay.  That stay, the judges noted, should be “tailored so that those who experienced actual injury traceable to loss from the Deepwater Horizon accident continue to receive recovery, but those who did not do not receive their BP Claims Payment until this case is fully heard and decided through the judicial process, including by any other panel of this court that resolves these issues.”  I think it is safe to say that the “stay” didn’t go as planned.  I say that because none of the businesses have been able to recover anything since the halt in payments.  It seems that BP’s solution to the problem of determining causation is this:  Don’t pay anyone!  Not one business claim has been paid since the 2013 payment halt.  Even companies who received an eligibility notice in late September 2013 are still waiting to receive their money.  BP even accepted releases on these claimants, but never issued a BP Claims Payment.

 

The problems surrounding the causation issue arose late 2013 after allegations were made that some BP Claims Payment were being issued to claimants who did not suffer an economic loss as a result of the oil spill.  Admittedly there may be some truth to those allegations; it is not always possible to distinguish if a loss came from the oil spill or just a bad economy.  In order to combat that problem, the settlement originally addressed the issue of causation by setting up requirements for a BP Claims Payment.  Causation is assumed based on where you live in the economic loss zones, what industry you are in, and the pattern of the company revenue post oil spill.  According to the 1,200-page agreement, if a business near the Gulf Coast can show its revenue dropped in 2010 then rebounded in 2011, it qualifies for compensation.  The companies are not required to prove a direct link to the spill. According to U.S. Circuit Judge Leslie Southwick in the latest BP ruling in March 2014, proving causation is not the job of the claimant nor is it to be considered a gatekeeping function of the claims administrator.   The settlement states specifically that claimants are not required to submit evidence that the claim arose as a result of the oil spill, and even though BP appealed this issue, the 5th Circuit is holding BP’s feet to the fire.  BP is going to be forced to uphold the settlement that they helped to create.

 

Since the halt in every BP Claims Payment, BP has launched a PR campaign designed to show that they have  “made it right” in the Gulf so to speak and also to point fingers at Gulf Coast residents,  alleging that many of the claims made as a result of losses incurred during the oil spill are fraudulent.  BP even took out full-page ads in several national newspapers to prove this point, but that doesn’t help the thousands of claimants who are still waiting for payment, it only serves to frustrate and anger everyone.

 

The appeal and halt in every BP Claims Payment may have had some unexpected result for BP.  In trying to avoid the payments using the “proof of causation” argument, BP may have actually hurt themselves in the doing.  In trying to limit the cost of the settlement reached in late 2012, they may have actually increased them when they decided to fight the issue of causation.  Back in 2012, BP estimated that the deal would cost the company $7.8 billion.  Now, the price tag could reach $9.2 billion or higher.  People and businesses making claims still have to attest that their financial losses were caused by the spill, but they do not have to submit actual “proof”. Judge Southwick writes “There is nothing fundamentally unreasonable about what BP accepted but now wishes it had not.”

 

Now that the issue of causation has been answered once and for all, this opens the door for all claimants claiming a “trickle down” effect loss, which in reality and according to the settlement, is a valid BP Claims Payment claim.  I expect to see more claimants now, but I do wonder if they are going to run into problems when they seek help through an attorney or a claims office.  BPClaims.org  is still accepting clients; we were there in the beginning, and we plan on staying until the end.  Unfortunately, many other firms have been forced to stop taking BP Claims because most of them are paid on a contingency basis.  The halt in payments have made it impossible for these firms to continue to pay office expenses and salaries associated with processing claims.  The December 2013 halt in payments hurt the claimants, is going to cost BP more in the long run, and helped BP succeeded in this:  the dramatic reduction of firms that were in business to assist the claimants.  That may not have been the intention, but it was one of the end results.

 

Meanwhile, the deadline for business BP Claims Payment is fast approaching. It was originally set for April 22, two days after the fourth anniversary of the Deepwater Horizon explosion. It now has been extended to late summer.  We at BPClaims.org  are still accepting claims, and we are still fighting for our clients.  Now that the order to resume payments has passed, we are cautiously optimistic and expect payments to resume for businesses by April 2014 on every BP Claims Payment.

 

Contact  BPCLAIMS.INFO by calling 1-800-272-5246 or 1-800-BPCLAIMS

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Judge Edith Clement and Big Oil

“IS THE BP CLAIMS PROCESS BEING HIJACKED BY FRIENDS OF BIG OIL”

BP Claims and Judge Edith ClementOn Thursday morning, January 16, I was sent a link to an article written by James Gill of The Advocate in Baton Rouge.
The article was on  Judge Edith Clement, who is the 5th Circuit Judge that originally sided with BP, and will hear more of BP`s appeals in the very near future. 

The article points out that there may be a good reason that this judge, who seems to be very friendly to BP with her written opinions, is making the decisions that greatly benefit BP, and not the people that were financially harmed by the worst man-made disaster in U.S. history.

Judge Clement and FREE

The article points out that Judge Clement has for years been a board member one of the most active front organizations, for Big Oil and Energy. She is a board member of  The Foundation for Research into Economics and the Environment (a.k.a. FREE). This organization seems to be very pro big oil, as its chairperson, John Baden, is a past member of the National Petroleum Council.

As the article points out, Judge Clement’s picture is on the website, she is a board member. This group is funded by Big Oil and takes luxurious junkets yearly, one of the last ones being to Montana, it was estimated by an independent group that the cost per individual of that trip was 10,000 dollars a head. It is not clear where all of the funding for this group comes from but it is clear that, at least in part, it is funded by big oil. One of the major financial contributors is Exxon/Mobil.

Apparently sometime in 2005, Judge Andre M. Davis was a board member of this same group and someone filed a formal complaint citing the obvious conflict of interest. Judge Davis requested an opinion from the Committee on Codes of Conduct of the Judicial Conference of the United Stated District Court. Their opinion was issued on March 30, 2005 and it clearly explained that the honorable judge was violating several rules by being on the board of FREE. In a nut shell, the opinion was that the judge’s service on the board of this group calls into question the judge’s partiality on certain issues. Since the group is funded in part by “Big Oil” who would you think the judge would favor in a court case?

 The article goes on to explain that Douglas Kendall, the President of the Constitutional Accountability Center in Washington, DC, wrote to Clement pointing out the Judicial Conference of the United States had ruled that joining FREE’s board was against its code of conduct, she did not respond. Click here to read the letter to Judge Clement dated December 9, 2010.

She is still a member to this day and you can see a picture of her here, she is on the Board of DirectorsJUDGE EDITH CLEMENT FINANCIAL DISCLOSURES AND BP STOCK


If you look at Judge Clements 2011 financial disclosures here is a l link to them you will see how vested she is an energy stocks, specifically Vanguard which is as I understand is one of the largest stockholders of BP stock in the United States. Please understand, I am not saying any of the Vanguard mutual funds she owns has BP Stock in them, but should`nt this and her relationship with FREE at the very least be looked into.

Top Mutual Fund Holders of BP Stock according to Yahoo Finance.

Franklin Custodian Funds-Income Fund
Vanguard/Wellington Fund Inc.
Vanguard/Windsor II 15,549,869
Vanguard Specialized-Energy Fund
DFA International Value Series
American Mutual Fund Inc
Invesco Comstock Fd 4,826,424
American Beacon Large Cap Value Fd
Hartford Capital Appreciation Fund
Vanguard/Windsor Fund Inc

 

 Why does this matter?

In the judicial system of the United States, judges are required to recuse themselves (remove themselves from participating in a case), not only when they are biased, but even when they may appear biased to a neutral observer. This appearance-based recusal standard is intended to ensure the judge’s impartiality in resolving disputes, to protect the judiciary’s reputation, and to instill public confidence in the fairness of the courts.

 Just a side note here, George Busch appointed her, we know who he stands with, and that is Big Oil. Judge Clement also owned BP stock as late as 2009.

At this point, it appears many are questioning the impartiality of Judge Clement with regard to the BP case.

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BP Claims and GCCF Fight Begins

BP Claims making the News

BP CLaims Czar

I have been writing for about a month now about BP Claims and the ensuing battle for transparency with the GCCF and Ken Feinberg. BP Claims Lawyers have asked Judge Barbier to appoint a Special Master to the 20 Billion Dollars Oil Spill Claims Fund. Attorney Generals from the Gulf States have asked Judge Barbier to look at complaints that the GCCF is intentionally Delaying, and Denying BP Claims in order to pressure oil spill victims into taking BP Quick Pays. Attorneys for the Plaintiff`s also charge that the GCCF is not in compliance with the Oil Pollution Act, and that all the Quick Pays deserve a second shot at the BP Claims Fund.

Today GCCF Lawyers Defend their Handling of BP Claims

The Attorney for Ken Feinberg, David Pitofsky said in court filings that the BP Claims Funds accomplishments show that there is no need for court oversight. He went on to say that they are overseen by several committees in Congress and the Coast Guard. When asked about the BP Claims Quick Pays he said that “It can be a perfectly rational decision to accept an assured short-term payment over a possibly larger, but postponed long-term payment. He also said that “claimants are drawn by the immediate cash for their BP Claims.”

GCCF Tactics regarding BP Claims

The GCCF is utilizing a Delay, Deny, Defend tactic when it comes to paying your BP Claims. The GCCF is ever changing what they are asking people for regarding documentation, and the BP Claims process is ever shifting and becoming more forensic. People are receiving unsolicited offers from the GCCF mostly in the form of Quick Pays. Many of the Quick Pays that are being offered by the GCCF are far lower then what BP actually owes people and business`s affected by the BP Oil Spill.

What to do about Your BP Claims

Quite simply put them in the hands of a BP Claims Expert, whether you use one of our BP Claims Team members, or find your own. BP Claims Team members are getting oil spill claims paid. We have been working with many of them since the beginning of the spill, and they are doing a fine job getting people paid. We have added some new members that are filling niche`s as new developments in the BP Claims process need to be addressed. BP Claims Team members can look into your claim while it is at the GCCF, and figure out why it is being delayed, cure any deficiencies, and explain your claim to GCCF staff in order to substantiate your claims. BP Claims members can help if your claim was denied, and of course they can help you if you are filing a BP Claim for the first time. All Team members work on a contingency basis, and their fees start at 15%.

Best of Luck with your BP Claims.

 

25k BP Claims Quick Pay is No Gift

BP Claims Quick Pay touted by the GCCF as a Gift

BP Claims Quick Pays

According to our BP Claims Experts more then 50% of the BP Claims Quick Pays calculate out to be substantially higher then the 25k settlement offer. It doesn`t matter if your losses are 50k or 500k and supported by BP Claims documentation. I can`t tell you how many people I have spoken to that regret taking the BP Claims Quick Pays. The GCCF is surging ahead these days making BP Claims Quick Pay offers to business`s owners in mass. Often they will tell you, you don`t have all your paperwork together, or your oil spill claim is deficient in some way. Often the GCCF will deny your BP Claims only to circle back to you, and offer you the Quick Pay, making it seem like a gift. Let me assure you, the GCCF BP Claims Quick Pay is not a gift.

BP Claims Audit is on it`s way

The GCCF is not handling the BP Claims process fairly and people know it. The Attorney General from Mississippi (Jim Hood) and the Attorney General (Eric Holder) for the United States is taking them to court to audit the BP Claims process. Mr. Hood tried to get the information from the GCCF but they kept stalling him, sound familiar. In a last resort two of the top Attorneys charged with protecting the Rights of the People are gearing up to do battle for the People. If BP and the GCCF were handling the BP Claims process correctly, this would not be necessary.

BP Claims Quick Pays may get a second chance

A group of Attorneys have filed papers with Judge Barbier in New Orleans asking that the Judge review the Quick Pay system, because they charge that they are illegal under OPA. They further charged that BP Claims Quick Pays were offered to people that were under duress, and forced to take the BP Claims Quick Pays. If the Judge rules in favor of the Attorneys it could mean that people and business owners that accepted the Quick Pays could get a second chance to get what they deserve from the BP Claims Process.

What to do about your BP Claims and Quick Pays

First don`t let them pressure you into accepting the BP Claims Quick Pay, understand that this is part of their strategy to buy you out of suing BP for future damages. You need to get a second opinion on your BP Claims settlement offer from the GCCF, whether it is a Quick Pay or a Final Settlement. We have teamed up with several groups  that will review your Claims Settlements at no charge, and if you have been offered a Quick Pay of 25k, they will only charge you for any any recovery above the 25k. There really are people out there that will help you with your BP Claims. Fees start at 15%, fill out the form to the right and start getting help with your BP Claims. Our Experts can also look at your oil spill claims while they are still a the  GCCF, if they are Under Review or have been Denied, there is help for your BP Claims.

 

BP Claims Process Faces Audit

Hood Sues Feinberg to gain access to BP Claims

BP Claims Hero Jim Hood

Jim Hood the Mississippi Attorney General resorted to the lawsuit because his efforts to gain access to the documents on Mississippi BP Claims have failed. U.S. Attorney General Eric Holder announced the audit a day earlier in a letter to Feinberg. These are two of the top Attorneys in the country demanding to audit the BP Claims process, why, because they feel it is unfair, and it is taking to long to get the people their BP Claims money.

BP wants you to file your BP Claims without an Attorney

If the U.S. Attorney General has had to get involved in the BP Claims Process, you can bet it is downhill for the GCCF. The company who does not want you to use a lawyer is now getting it with both barrels from two of the top Attorneys in the Country. The GCCF and Mr.Feinberg had an opportunity to hand over all the documents that Mr.Hood had asked for, instead they delayed, giving him some documents, but not the ones he really wanted. Does this sound familiar? It is going to be interesting when they audit these BP Claims. If the leading Attorneys in the country are gearing up for a full investigation of the BP Claims process, and BP doesn`t want you to use an Attorney when filing your BP Claims, you should certainly see some red flags in the BP Claims Process.

Let me Remind You this is what BP`s ad on Google Reads:

How To Make a BP Claim – You Don’t Need A Lawyer To Claim. | bp.com

www.bp.com

Visit Official BP ClaimsSite Today

BP Claims Solutions a few Thoughts

If BP suggests you go left, think about going right, find a trusted BP Claims professional who can truly make this right for you, and has a track record holding BP accountable. Do your homework, if you feel you can handle your BP Claims yourself, build a personal relationship with someone who works at a BP Claims office, I have seen this pay dividends for a few people. Do not take their final settlement offer, there are just to many unknowns at this time, if you really need the money then o.k., but there maybe consequences down the road.

If your BP Claims were denied, or are still awaiting documents we can still help you,we have Claims Adjusters and Attorneys that are at the top of their respective fields. We are here to help you maximize your BP Claims.

 

Doing Battle for Your BP Claims Money

 

BP delivers a body blow to the BP Claims Process

BP Claims Nightmare

BP has let us all know where they stand with the BP Claims process, if there was any doubt in your mind, if you thought they would show good faith, if you thought they were truly going to “make it right” through the BP claims process, they are not.

BP announced last week they did not want to pay for future loses, then they hit people with low ball BP Claims offers, hoping people would be happy, just to get something for their BP Claims. After BP made the statement regarding future loses, it was predicted by BPClaims.org that they would follow this up with low ball offers, and that is exactly what happened.

We had all hoped that BP would act in good faith, instead they trying to bury people in BP Claims paperwork, and other delaying tactics.The Attorney Generals from across the Gulf Region have seen this coming, and are launching a full investigation into the BP Claims process.

BP Claims: Our Pledge and Our Team

If you have a Valid BP Claim we will not rest until you get Paid. We have assembled the Best Group of BP Claims Attorneys,  and Claims Adjusters that have a history of doing battle with BP and Winning. The team that has come together to make sure you are treated  fairly by BP and the GCCF, We have one goal in mind, TO GET YOUR BP CLAIMS PAID. We have several Groups of Attorneys and Adjusters that all have areas of specialization. We have Denied Claims Specialists, BP Business Claims Experts, Medial Claims and VOO Attorneys, and of course Individual Claims are a priority.

BP has shown it`s colors and it`s true intent, there is no longer a shadow of doubt what their true intentions are. We are All  very passionate about helping the people, and the business`s affected by the BP Oil Spill, and have a track record to prove it.

BP Denied Claims Paid in 9 Days: BP Claims Under Review Experts

We have added a few new players to the BPClaims.org Team, and I am proud to say they are Experts with BP Denied Claims. They have gotten denied BP Claims paid in 9 Days. They have an in depth knowledge of how the GCCF  works, and what is required for a successful BP Claim. If your BP Claims are under review, they can dig in to your claim while it is sitting at the GCCF, find any deficiencies, reorganize it, and maximize it. We will put an end to your BP Claims nightmare.

BP Claims Litigation

If for whatever reason your BP Claim can`t be settled amicably, we have The Attorney that has gotten THE LARGEST AWARDS FROM BP EVER ON OUR TEAM. One way or another BP is going to pay. This is a Tier 1 law firm, which means they are the best of the best, they also specialize in fast tracking BP Business Claims for companies that are in distress as a result of the oil spill. As the true intentions of BP and the GCCF has been disclosed, litigation may be a necessary means to get your BP Claims Paid, it is best to be prepared.

Let us Help you with your BP Claims.

 

 

 


Article Source: BP Claims
Aricle: BP delivers a body blow to the BP Claims Process
Author: Bill Bohack


BP delivers a body blow to the BP Claims Process

BP Claims Future Loss and the Fisheries

BP Claims and the Future of the Gulf Coast

Dolphins Dying of Gulf Beaches

With BP trying to mitigate damages by saying everything is back to normal economically, and they will not pay BP Claims for future loses, except in a few cases such as Oystermen, one can`t help but wonder what the future holds for the BP Claims process. The BP Claims process was supposed to make everything right as we endured the worst man made oil spill in history. Remember that it was BP`s negligence that caused the oil spill in the first place, and the BP Claims process was supposed to make it right, or at the very least, as right as it could be. What draws many people to the Gulf Coast is the natural beauty of the Gulf, the fresh seafood, and the splendor of spending a day in the blue waters of the Gulf of Mexico. By all accounts from fishermen, oystermen, shrimpers, and crabbers the Gulf`s health has issues. If the Gulf Health deteriorates as has been evidenced, will people want to come here to vacation, and that seems to be the only factor that BP is using when it speaks of taking future loses out of the BP Claims process.

Gulf Health and BP Claims

If the Gulf of Mexico faces a catastrophic decline in marine populations, and there is some evidence of this already, what will happen to the tourists who have historically come to enjoy the seafood and bathe at the beautiful beaches. Three out of five people won`t eat Gulf Seafood. If it is not safe for the animals that call the Gulf home, are you really going to let your kids swim in the Gulf. It may not come to light this year, but there is mounting evidence that in the following years we could see a steep decline of locally harvested seafood from the Gulf of Mexico, and it is quite possible the Gulf will have a stigma to it, that no amount of BP Claims money will ever be able to fix.

Environmental Indicators and BP Claims

Certain Areas are reporting the Crab catch is down about 75% of from previous years, the brown shrimp catch is down about 90%,  approximately 80% of the oysters are dead, fishermen are noting substantially decreased numbers of what was once plentiful catches, and the GCCF is slow to pay people on the front lines their BP Claims money. It took years to figure out what was going on environmentally after the Exxon Valdez tragedy, this is happening at warp speed in comparison. At the same time BP is trying not to pay for future losses for BP Claims, meanwhile we are finding once steady fisheries in collapse, and this is year one. Oyster beds are not going to come back for years, the GCCF admits that, the crabs don`t seem to have any eggs with them, and die shortly after harvesting, these are leading indicators of the Health of the Gulf, and it`s surrounding waters. No amount of BP Claims money can make this right.

How We Work with you and your BP Claims

BP Claims New Tactic Deployed

GCCF`s New BP Claims Delay Tactic

BP Delays Claims Again

The GCCF`s new tactic to delay your BP Claims is called the Deficiency Notice. After speaking with 4 business owners last night, they ALL had just gotten deficiency notices for their BP Claims. The Business Owners had already provided the documents that the deficiency notice said were missing from their files. The documents were never missing from their files, but the GCCF said they were, and they could not process their  BP Claims. Again their BP Claims were delayed.

BP Claims Mislabeled

One of the individuals who owns a good size business decided to go down to his local GCCF office and talked to them directly about his BP Claims. He had spoken to this person before and she went through his file with him standing right there. After going through the file they found the documents the GCCF said were deficient. The documents were there, they were just mislabeled. His BP Claim was then sent to a Claims Review Specialist. The new Claims Review Specialist has given his claim a new number, and can now look up all the pages in his BP Claims to finally make a determination on his claim. He was told that he would have an answer shortly regarding his BP Claims.

BP Claims Pattern

After making four phone calls yesterday to follow up with people, they all had the same exact story about their BP Claims. Coincidence, I don`t think so. The GCCF is pulling out every tactic it can to delay your BP Claims. Mislabeling documents that have already been sent in might happen once in awhile by careless processor, but not four follow up  phone calls in a row. Has the GCCF  mislabeled BP Claims documents intentionally, only to buy more time and frustrate the people in the BP Claims process, I think so. This is just one more road block that the GCCF is using to frustrate and delay people from receiving their BP Claims money, and hoping they go away.

Getting your BP Claims Paid

BP Claims and how to get Paid

Getting Your BP Claims Paid

You can make BP claims with the Gulf Coast Claims Facility created by BP and Ken Feinberg, who promised to ” Make it Right.” They also said your BP Claim would be handled within 90 days after the Emergency Claims deadline of November 23, 2010, but many who filed right after the deadline are still waiting. It is mid-June now and individuals and businesses have been waiting 9 months for their BP Claims money, only to hear we need more documents or their case is under review. Even worse, many people waiting for their BP Claims money, were told they were denied or simply offered the 5k quick pay for individuals or the 25k quick pay for businesses as long as they agreed not sue BP.

The best results I have seen for people going through the BP Claims process has been to hire a BP Claims Attorney. Instead of the GCCF being able to use bullying tactics, good oil spill attorneys will handle them for you. Instead of being offered for 1- 2 years of losses from BP, which I still have not heard of happening, oil spill attorneys will ask for 3-5 years of losses and handle negotiations for your BP Claims money for you. They will also push for interim payments so that you have some time to evaluate the true impact of the oil spill on you or your business.  Many interim claims payments have been accompanied by final settlement offers. It is up to you to accept or reject your final BP claims settlement.

If your BP claim was denied, it may be a blessing in disguise, as you probably have all of your paperwork available, and when you give it to an Attorney they may be able to point out that you should have filed multiple BP Claims, or other things you may have overlooked. Having all your documents in order will certainly expedite your BP Claims.

BP Claims: How Long does it Take

If you are still waiting for the GCCF to “Make it Right,” your BP Claims money may have to wait until February of 2012 when the litigation is scheduled to begin.  They may make an offer between now and then, but I would not bet on it unless it is a quick pay, or a low ball final settlement. Now mind you the GCCF could have a change of heart between now and then, and become immensely fair and truly try to make it right, but again I wouldn`t bet on it; it just doesn`t fit the present corporate culture when it comes to handling BP Claims.

BP Claims Attorneys that we have connected with have gotten their BP claims paid within 2 months recently. These attorneys know how to deal with the GCCF and they know how to organize your BP Claims and maximize your BP Claims. They are also quick to point out that you and your family or business may have multiple BP Claims. There is also an accelerated BP Claims process that I have been recently told about that helps large employers avoid laying off employees. Though there is no set time table to get your BP Claims paid, it does seem attorneys get them done much faster.

 

BP Claims: The Trickle Down Effect

If large segments of a community lose the ability to work, it’s natural that they stop spending money for other things.  If they had received BP Claims money from the beginning it would have encouraged spending in those areas. Instead, businesses and the employees that work in those businesses bore a large brunt of the economic hardship and often the BP Claims process tries to overlook them. Beauty parlors, lawn services, general contractors, restaurants, many in the service areas of the Gulf economy were severely impacted by the Gulf Oil Spill. Any non-essential business was hit hard when people stopped spending in the Gulf Region, though BP has made it difficult for many in these businesses to file BP Claims, often citing that there is no correlation between the spill and the economic downturn, though we all know differently. The Oil Spill did have a direct economic impact for many and they should be compensated through the BP Claims process.

BP Claims: Under Review

BP Claims: The Fox and the Hen House

BP Claims Czar The economy was impacted that Much

We have seen an uptick in BP Claims offers being made to Individuals and Business`s in the last week, however we have also seen a large number of denials of BP Claims that looked like they should have been paid. If you read this blog you know we follow the BP Claims process very closely. Though we did see offers come in to a few in the construction field, and the fishing industry, many of the other Individual and Business BP claims were denied for a lack of paperwork, or proof of loss. Other offers that came in were traditionally a little less then half of what was being asked for, some were just absurd and look as thought they are heading towards litigation.

It`s really a shame that many people were again told your claim is under review for 7 months, only to find out it was denied. The BP claims process has been mishandled from the beginning by Ken Feinberg and BP. Mr Feinberg wanted you to believe he was independent, it took a court ruling from Judge Barbier to stop him from saying that. A recent report blasted Obama for not taking a more active role, and leaving Feinberg in charge. The BP Claims process very much reminds me of the old adage the fox is guarding the Hen House.

 

BP Business Claims: Has your Company Lost overall Value

“All businesses are valued based on a number of factors, but the factors that matter the most are cash flow and risk,” For smaller businesses, cash flow is typically defined as a form of adjusted profit, like Seller Discretionary Earnings. The BP claims process has no clear cut methodology for the consideration of a Business`s overall loss of value.

Evaluating a BP Business Claim for loss of value may involve multiplying the adjusted profit of the business times a multiple. For example, assume a fish processing plant nets $1 million in profit per year, and then assume fish processing plants sell on an average of three times the profit. This company would be worth an estimated $3 million. Now assume that post-oil spill, this same company is expected to net only $250,000 per year for the foreseeable future. The value of the fish processing plant, based on an income approach, is now three times $250,000, or $750,000, a loss in business value of $2.25 million dollars.

Forensic accountants involved in the BP Claims process often use this formula, coupled with other formulas to figure the true loss of a business that was damaged by the Oil Spill. The more documentation that can be gathered to support your BP Claim, can help you substantiate your loss. Many experienced BP Claims Attorneys have Forensic Accountants on staff.

BP Claims and what to do Now

With BP trying to mitigate it`s damages and it`s overall lack of consideration to those affected, it is my personal opinion that the best thing you can do is to find a good lawyer who has had success against BP, or at least understands the GCCF process and has gotten their clients paid. We have connected with those attorneys, and they have gotten results for people and their BP Claims.

If you Google BP Claims the first ad you will see is a paid ad from BP,

It Reads:

Visit BP’s Claims Page & Learn How To Make A Claim Without A Lawyer

So lets think about this, the company that has left the majority of Gulf Coast Residents in economic collapse, say`s you can make your claim without a lawyer, and you can, And you can wait to hear hear the words “under review.”  This should actually be BP`s slogan,  Your claim is under review, while your house gets foreclosed on, your business is forced to close, your car is repossessed, your family disintegrates, the kids are forced to live with Grandma and Grandpa, and there is no food in the fridge.

At this point though don`t you think if BP is telling you, or suggesting to go left, you sure as heck better go right. If the company whose slogan is “Making Right” really wanted to, they would not have been dragging their heels and causing the collateral damage to so many who wanted to believe all the hype and believed Mr. Feinberg and BP were really going to make it right. If you are tired of hearing “under review”  or were denied, fill out the form to the right, experienced BP Claims Lawyers are only a click away. If you don`t get help here for your BP Claims, I suggest you get help somewhere, anywhere but with them. The company who says it is “Making it Right” needs to put that slogan Under Review.
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