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BP Claims Interim Claim Payments Lag Behind

Ken Feinberg, GCCF administrator, reported more than 54 percent of the roughly 256,000 claims submitted since the end of the emergency payment period in November have been processed.

But some say not enough attention has been paid to those seeking interim payments. According to information from the GCCF, about 4 percent of the 62,204 applications for interim payments received have been paid.

The result is some people are opting to take a final payment to receive some money quickly instead of waiting for an interim payment to be processed and made, said Karina Stadelman, a partner and certified public accountant with Carr, Riggs & Ingram (CRI), an accounting office that helps people file claims. For some, it’s a good deal, but for others a more strategic plan should be in place.

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