BP Claims versus EAP Claims: Understanding why some got Paid
BP Claims and EAP`sWhen the the Deep Water Horizon blew up, causing the most catastrophic oil spill we have ever seen, BP took action paying people, the payouts were called called Emergency Advanced Payments. EAP`s as they became known were collected by many who were injured by the BP Oil Spill. Often when people think of getting paid by BP they are referring to these EAP`s. That`s because when the emergency claim period ended November 23, of 2010, and Ken Feinberg officially took over and created the Gulf Coast Claims Facility, very few larger claims were paid. The primary purpose of the GCCF was to pay people Interim Claims and Final Claims and process those BP Claims. The Interim Claims were meant to keep people and business`s afloat as the extent of the damage was evaluated and the true financial toll on people and business`s could be quantified. There was NEVER any mention of BP Quick Pays previously in the BP Claims process.
Quick Pay versus BP Claims
On December 13th, 2010 Feinberg changed all the rules and came out with the Quick Pay option, touted as a quick solution for those in the BP Claims Process. The BP Quick Pay`s would initially only be offered to the business`s and individuals ( 25k and 5k respectively) that had successfully received an EAP, that would also change as it became an instrument to prey on the desperate. All of this while Feinberg was telling the public that he and the GCCF were Independent of BP, it would later take a court ruling to get him to stop. When history looks back on this manipulation of the public trust by Ken Feinberg, it will go down as a black mark on the Obama Administration, and Ken Feinberg`s legacy. Over 100,000 people and business`s took the Quick Pay Option, many regret it. Anyone receiving a BP Quick Pay would give up their right to sue BP, and agree not to pursue their BP Claims. Meanwhile the GCCF and Feinberg would put BP Interim Claims on the back burner.
BP Claims Czar not Independent
Many like to say hindsight is twenty twenty, a quick look back at Feinbergs actions and his manipulation of the BP Claims process can only come up with one conclusion. He does work for BP. Judge Barbier may have put it best in his ruling regarding Feinberg`s claims of being Independent. Judge Barbier said “While BP may have delegated to Mr. Feinberg and the GCCF independence in the evaluation and payment of individual claims, many other facts support a finding that the GCCF and Mr. Feinberg are not completely ‘neutral’ and independent from BP.” Because of this many people who signed off on the BP Quick Pay, may be able to sue BP, the Judge has not made his ruling yet, regarding whether people were misled by Mr. Feinberg, or coerced because of duress. This could open the BP Claims process back up for over 100,000 people. The BP Claims process has some history to it now, and if you stop listening to the words from Mr. Feinberg, but look at his actions since he took over, the conclusion is simple, he is here to save BP money and delay your BP Claims.
If you want help with your BP claim, if your tired of hearing your claim is under review, or you need more documents, even if you signed off for your BP Quick Pay, fill out the form to the right.