Archive for 'bp claim news'

The BP Settlement sent out it`s first Offers

bp settlementIt has been reported that over 1,110 BP Settlement offers went out Friday, this is big news. It looks as though The New BP Settlement Fund headed by Patrick Juneau and supervised by Judge Barbier are actually going to make sure the job gets done.

In our estimation they are ahead of schedule, there were a few errors in the beginning, but the numbers look promising.

The average BP Settlement offer was around 44k.

We are not jumping for joy just yet, but it is promising.

If you would like Help filing your BP Claims we can Help you, we usually charge just 15% of what you recover, we are not related to the Court Supervised Settlement in any way.

We Can Help You File Your Claims if:

  • You have never Filed a Claim
  • Your Claim is Stalled at the GCCF
  • Your Claim has been Denied

Is the BP Settlement going to be a Gulf Coast Stimulus Package

If you all remember the economic shape our region was in after the real estate bubble burst in 2006, 2007, 2008,and 2009, were tough years, it wasn`t till the  beginning of 2010 that the Gulf Coast began to feel an uptick in the overall economy. The BP oil spill on 4/20/10 put an end to that recovery for many.

It would not be till mid 2012 that many would get the sense the economy was moving in the right direction  again. The BP Settlement by many is looked at as a Gulf Coast Stimulus Package, and indeed it could serve as such for the businesses that survived, and make it right for the ones that did not.

In all reality the BP Oil Spill thwarted the comeback our economy was making in 2010, and should pay for what they did.

Quick Pays, Quick Pays, Quick Pays and the BP Settlement

We all know that Quick Pays have not been addressed in the BP Settlement, they need to be.

We have heard from more then 20,000 people and businesses since this site has been up, over 200,000 people took Quick Pays.

Quick Pays were presented under Feinberg, when we all expected Interim Claims to begin. Interim Claims would have paid people while the true extent of the damage was equated, Quick Pays, a mechanism that was never mentioned until Feinberg took over, became the standard.

They were a travesty, and many are feeling it now, especially the fishermen.

  • Catches of Brown shrimp are down over 90%,
  •  Blue Crabs are dying on their way to the market,
  • Oyster harvesters are harvesting just 15%-25% of what they would usually bring in.
  • These people were the first target of the Quick Pays, and they are experiencing the greatest ramifications.

We have often been told that representatives of the GCCF would meet these people at the docks and tell them they needed to sign these documents to get the 25k or 5k from the GCCF, many did, not realizing that they gave up their rights to sue BP for future damages. Many business owners took the Quick Pay so they could stay in business or pay the mortgage. People were held economic hostages by the GCCF.

The BP Settlement or some other mechanism needs to address this. Quick Pays preyed upon people, Feinberg worked for BP, he proclaimed himself independent, it took a Judges order to stop him saying he was independent.

Doesn`t it make sense that a Claims Administrator declaring himself INPEPENDENT when in fact he was paid by BP, and starving people out, forcing them to take Quick Pays, caused more then just confusion.

Feinberg has caused an ongoing economic disaster for many, and it needs to be fixed.

BP Settlement Solutions

We at BPClaims.org, just want to make sure that your BP Settlement Claims gets into the best possible hands. As this has unfolded different groups have distinguished themselves in handling specific types of claims.

We have been involved in this process for a long time.

There are groups that specialize in:

  • Business Claims
  • Medical Claims
  • Individual Claims
  • Property Claims
  • VOO Claims
  • Seafood Compensation Claims
  • Claims that may need to be litigated.

We even process some BP Claims in house, and process for Attorneys and CPA`s.

Fees range from 15% for CPA`s and Claims adjusters, up to 25% for Attorney Assistance.

We will Help you with your BP Settlement.

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: 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.

BP Claims and GCCF Settlement News

The GCCF to Settle Some BP Claims in Mass

I have been informed by several large firms that they are in discussions with GCCF and BP Claims Representatives. They are preparing to settle their entire case loads, or blocks of them with the GCCF. We are in constant contact with these firms, and can help you get your BP Claim included in these settlement proceedings. That being said there are no guarantees, but if you are serious about settling your BP Claim and you are tired of being put on hold by the GCCF, now is the time to fill out our Free Case Review Form. The BP Claims process has been a nightmare for many, they have strung out so many for so long, with no end in sight, only to keep telling people, your BP Claim is being reviewed. This is just a tactic by the GCCF to get you to give up on your BP Claim,  or accept a token offer.. I have been telling you all for weeks that the GCCF was getting ready to settle out BP Claims in blocks or the Attorneys entire case load, well the time has come to get paid for your BP Claims.

You may have Multiple BP Claims

What many people failed to realize is that they were also able to file several different BP Claims with the GCCF. For example if you had a business, a few pieces of real estate,  couldn`t find other work, participated in the VOO program, you would have multiple BP Claims. The GCCF does not want you to recognize this. It is important for Business`s and Individuals to recognize and relate each area where the Oil Spill cost them money. If you are a restaurant and the oil spill caused a rise in seafood prices, as was the case as much of it had to get shipped in, besides just loosing customers, you also had your costs rise, how long will that go on for. Lets say that restaurant also owned the building, and the land it sits on, that`s another BP Claim.

Denied BP Claims

If your BP Claim was denied, it is not the end of the world. The good news is you probably have all your paperwork together or at least the bulk of it. The Attorneys we have connected with can help you organize your claims. I have been hearing from 100`s of people who worked next to people who got paid, yet they were denied their BP Claim. This shows the inconsistency of the GCCF and the BP Claims processes. The GCCF most often strung these people along, again saying your BP Claim is under review, or we need more documentation. Then out of the blue many went to their mailbox, or checked their BP claims status online only to find out they had been denied.The BP Claims process has been anything but fair, and the Attorneys we have connected with understand that. It is time to get your BP Claims paid and the time is NOW.

BP Oil Spill Clean up

Good news finally for BP Oil Spill Cleanup Workers:If you became ill by working on the BP Oil Spill Clean up, were a member of the V.O.O. program, you have rights.
If you were promised work, or received your Hazwopper cerification and were subsequently let go, Attorneys want to hear from you. It seems as thought there is good news to report that your cases are going to be taken more seriously. Many Attorneys did not want to take these cases until recently.

BP Oil Spill Breach

People were made promises of work for a year or more by BP and it`s subcontractors, then suddenly let go. Much of the work that was promised was handled by breaking up the plumes with large trawlers out at sea, while on some beaches the Oil just got buried.Hence the force that was once thought to be needed was not, but promises were made, and Attorneys believe this was a breach of contract.

Health Risks & the BP Oil Spill

The health risks that many did not understand, because they were not explained or not equipped, were and are many. Corexit the dispersant used, rips through the body attacking liver and kidney functions, along with bronchial and other associated ailments.I am very happy to hear that these cases are being taken seriously.
If you were affected, or know someone who was by the BP Oil Spill please fill out this form.