DeepWater Horizon Settlement “The Wave”
BP Settlement and what should be next
There is a lot of pure conjecture going on about the BP Settlement, some based in Fact, and others are pure fiction. The BP Settlement is about to pay, and pay BIG, people that are in our circle, are getting calls on a daily basis from Brown Greer and Price WaterHouse asking for updated information. This is a good sign that the BP Settlement Claims process is going to start paying out soon.
Expect BP Settlements Soon
From what we have been hearing, expect a major wave of BP Claims to receive offers around September 10th. That seems to be the date everyone that is in the know keeps referring to. I would not be giving you all dates if I didn`t think it was about to happen myself.
DeepWater Horizon Settlement Claims
So lets say you receive an offer from the DeepWater Horizon Settlement Fund, what happens next? Well first you either accept it, or decline it, or you may wish to appeal it. Lets say you accept it, first remember whatever other claims you may have, must be settled within the terms of the Deep Water Horizon Settlement. Now from what I keep on hearing BP still has the right to appeal your settlement offer but has a limited amount of time to do so.
- If your Claim is under $250,000.00 BP has 10 days to appeal your Claim
- If your Claim is between $250,000.00-500,000.00 they have 15 days to appeal your Claim
- If your Claim is over $500,000.00 they have 20 days to appeal your Claim
Now mind you this is my summation of it, I am not a lawyer, I just think people need to be aware of a few things, more on the appeals process in my next blog, and how it can work for the claimant.
Updating Your GCCF Claims
If you had a claim at the GCCF it has to be updated for the BP Settlement. If you need Help and would like people that we think can help you do so they charge 15%. You need to update you BP Claims that were at the GCCF so you can get paid by the Settlement.
There are only 54,000 BP Claims at the BP Settlement as of now, expect that number to soar as soon as the money begins to hit the streets, my advice is to get on this now, not when everyone in town is sending in their paperwork at the same time.
We have seen this before, for example when the GCCF finally started paying out, waiters and waitresses were some of the first to get checks, then came all of their friends, and I mean lots of friends. The same thing is going to happen when the Settlement fund begins to pay.
If you need Assistance from what I feel are some of the Best Adjusters, and CPA`s in the country handling this process please fill out the form to the right. They have a proven track record of collecting from BP and their fees start at just 15%.
If you need the Assistance of an Attorney their fees are usually around 25%.
Best of Luck to All,
We will Help you with Your BP Settlement,