Tag Archives: rule 495
Please Note: We are not the Deep Water Horizon Settlement
The number for them is 1-866-992-6174 for the economic settlement.
For the Medical Settlement the number is 1-877-545-5111
If You want to read about us, and our thoughts, please read below, we are not attorneys but do process claims through a network of processors, that are getting results.
If you are an Attorney/ Processor/Claimant we have a silver bullet, one of the members of our network has distinguished themselves above all others with practically Dead On Calculations that the claims analysts at The Deep Water Horizon Settlement seem to respect and agree with.
Please understand this group specializes in business claims only in excess of 100k usually.
They also handle appeals.
As many of you know we have been in search of a Silver Bullet for some time. Well we found it, there is no guess work anymore.
It is my opinion, it is owed to the claimants that they remain the top priority, not just a potential revenue stream for someone’s bottom line.
When BP stopped paying claims due to the Court ordered Stay, the lack of reliable and consistent revenue stream caused many processors and Attorneys to scale down their Deepwater Horizon claims operations and to terminate employees.
The real tragedy was that some of those entities had to close their businesses or to continue with inefficient operations.
The Court ordered Stay lasted for a period of 8 months – 8 months of little to no income for the claims processing entities and 8 months of continued economic distress for the claimants.
The Stay caused claimants extreme dissatisfaction and anger and proved to be devastating to many Business Economic Loss claimants. It also caused many groups processing claims to go out of Business
Our own operation took a serious hit when BP stopped paying claims, but we never gave up and due to the nature of how we structured our network, we were blessed that one member started seeing our largest claims get settled first.
The first claim was over 4.5 million dollars.
This particular processor has had over 40 claims paid to our clients since they began paying again, and their calculations have been almost dead on. This particular processor has a system in place that works. Not only do they have CPA’s and analysts who thoroughly understand the claim calculations and methodology established by the Deepwater Horizon Settlement and the appeals that followed, they go one step further and direct each and every claimant to obtain an attorney to represent them with any and all legal issues/questions and appeals.
I recently met one of the attorneys who works with this processor’s claimants, and can state that she has extensive experience in every phase of the BP litigation and she has the talent to represent and assist claimants at every phase (from claim registration to post appeal issues) of the claims process.
You can move your claim
This is not meant to solicit claims away from other Attorneys or Processors, but people need to know they are not stuck with organizations that have a high level of ineptitude and a small to nonexistent success rate. The form is called an AR1 form, it`s one form and can be found here. AR1 Form
If you have a claim that you have tried to do yourself, but want to put it in experienced hands, the processor described above is actually the BEST in our Network at complex business claims.
If your claim is already in the system and it is reasonably put together you may be charged as little as 10 Percent of the value of the claim.
If you are an Attorney or a Processor and would like to move over your portfolio or part of your portfolio of claims they will negotiate a fair number for the work involved. They can also assist you with the processing.
If you are an Attorney/Processor/CPA Firm and need help. they can help you.
It`s time to get People Paid and there is no room for mistakes.
As I write this we have seen some of our largest claims processed and paid in the last month. Most of these claims are over a million dollars, others in the high 6 digit range. We have also seen the devastating affect that rule 495 can have on claims, and how some rulings can be successfully appealed while others can not.
BP has just settled with the states, local and Federal government.
Claims that are currently in the Deep Water Horizon Settlement system, will have one FINAL opportunity to be paid.
There is no room for error, but as we have begun taking over claims from other Processors/Attorneys/Claimants who started doing this years ago, it is easy to see why so many of you have not been paid.
The financials that many uploaded are atrocious. Many just downloaded reams of financials thinking that would be sufficient or that they would get claims paid by just overwhelming the Deep Water Horizon Settlement with voluminous amounts of paperwork, thinking that they would let them sift through the documents so they could do the calculations.
Others just kept supplying the same paperwork and expected different answers when tasked with an incomplete notices.
PLEASE UNDERSTAND THIS THERE IS NO ROOM FOR MISTAKES.
And far too many of you were making huge mistakes when you put these claims together, many in the beginning just did not understand what the settlement asked for. These claims are typically 2 years or older.
This is not the time to throw stuff against the wall and see what sticks, nor was it ever, but it is what too many did in the beginning.
If your claim has NOT seen notices or questions coming from the Deep Water Horizon Settlement and you have not heard from your Attorney or Processor, you need to take matters into your own hands and check your status yourself. Go to CHECK MY STATUS you will need your claimant id number and the last 4 of your social security number.
We look forward to working with You, your Attorneys or Processors, and getting you what you deserve from BP.
We have a program in place that allows us to assist others in this business to get their clients claims paid, it`s fair, it`s flexible, and it helps you get your clients paid.
For us this was always about putting the victims first and creating a network of professionals to assist you.
We are proud to say that a certain member of our Network has distinguished themselves in our opinion as the BEST in The BP Business Claims Business, and the good news is they want to work for you and with you, and still can, but only if you let them.
We are also proud to announce that Dick Angelotti the former President of Bank of Boston, and Northern Trust, will be also picking up the phone personally to help you with complex business matters.
Call Us at 1-800-BP-CLAIM or 1-800-272-5246