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BP Claims Settlement What you Need to Know
The BP Claims Settlement is an opt in or opt out process, what does that mean? That means you are bound by the decision of the BP Settlement Court Supervised Program. If you don`t like the amount you have been awarded you can go to an appeals board that will be set up within the new program.
Your stuck with what they offer you or don`t offer you and can not litigate, but you can appeal. Many attorneys have chosen not to participate because of this, some of those same Attorneys had agendas to litigate from the beginning and are using this new development to hang their hats on.
BP Claims get Easier to Prove
Causation and Calculations were the biggest hurdles for many to overcome, many of the more stringent guidelines have been modified or done away with all together. There will be a clear map that will contain zones explaining what industries within those zones are payable. The calculations will be based on the 3 worst consecutive months of 2010 after the Oil Spill, based upon those same 3 months for the previous years of 2007, 2008, 2009. There are multiple remedies if some of the criteria can not be met. A multiplier and some future trending will be applied to your loss after the 2010 amount is subtracted from the average of the preceding years.
BP Settlement Claims will be easier to get through the system, you will have a clear understanding if you do or do not qualify, the BP Claims Settlement Process is built for Transparency.
Do you need an Attorney to become a part of the BP Claims Settlement
All indications at this point are you do NOT need an attorney, this is just a court supervised claims process. It is not a court process, but it is supervised by Judge Barbier, if indeed people needed an Attorney what would happen to all of the BP Claims that will be transitioning over from the GCCF. Some Attorneys are telling people through various websites that you NEED Attorneys or how much they have had in awards. What they fail to tell you is that those awards have nothing to do with the BP Claims process, be careful. Some Attorneys will put a lien on your file for just signing up with them.
If you decide to litigate your BP Claims you will clearly need the Assistance of an Attorney. If your claim has issues, you may need an Attorney. Attorneys are very much a part of this process, but you need to deal with honorous, upright firms. There are sharks in these waters, but there are also life gaurds, you just need to know who is who.
We are seeing a RUSH of Attorneys advertising on the web and T.V. before the BP Claims Settlement Fund actually announces their process, this will lead many people to be bound to Attorneys and pay a higher percentage then they may have had to. The BP Claims Settlement Fund is setting it`s offices up in Hammond, Louisiana with a major call center in Sarasota, Florida. If indeed you needed an Attorney they most likely would not be setting up the call center.
If you want to use the Assistance of an attorney they should be charging you from 20-25% to guide you through the process. Some Attorneys will actually charge much less for large loss claims, as little as 15%.
Who are the Winners in the BP Claims Settlement.
It`s actually difficult to write about who the winners are, as I don`t believe there really are any, but some will see a financial windfall that suffered less long term damage then others.
Businesses and Individuals that are not dependent on the Gulf`s natural resources, that can show a loss and are within covered zones, are the biggest winners.
Business Owners and those with multiple Businesses
Service and Hospitality Employees
Any individual that has an economic loss
Waterfront Property and wetlands that had oil on it, had a contract that was canceled, and quite possibly experienced diminished value
Subsistence BP Claims, people that lived off the Gulf`s resources
Vessels of Opportunity Claims
Seafood Harvester BP Claims, people that work in the Fishing, Shrimping, Oyster and other Seafood Industries should do well in the BP Claims Settlement. The issues here are that many of you had taken Quick Pays, because you were starved out, or took them for a number of other reasons. The Health of the Gulf and the future of your livelihood also needs to be considered, there are so many questions regarding the true state of the Gulf. Please remember that it took 3 years to find out the extent of the Damage after the Valdez Oil Spill.
The Losers in the BP Claims Settlement
Oil and Gas Industry Claimants
Just because these are not being addressed in the BP Claims Settlement, that does not mean that your claims won`t be compensated under the threat of litigation, or under actual litigation. There may be an amended list of BP claims groups that will be considered under the settlement.
BPClaims.org is Independent
It all depends upon your BP claim or claims as many of you may have multiple claims. Some may be able to do their BP claims on their own, Some may need the assistance of a claims adjuster or an accountant, while others will need the help of an Attorney. We will always send you to the Best group that fits your BP claims. We have an extensive network of Attorneys and Adjusters from Key West to Houston, we know who gets the job done, and we know those who just want to sign you up and do little else. We have been at this from the beginning, before there was a BP claims process, our original sites helped people get to Catholic Charities and they were highly successful in getting aid to many.
To date we are the only truly Independent site helping people with their BP Claims
We have affiliates that handle Large Loss Claims in excess of 20 Million Dollars for less the 5%.
We also have affiliates that will help people with their smaller claims, from 10-25%
There is no One Size fits All Firm or Group, they just don`t exist, therefore we have created BPClaims.org a service to help Guide you to the Best in the BP Claims Business.
Call us at 1-800-BP-CLAIM
We will help you with your BP Claims