Why the GCCF is Not Paying BP Claims
Why your BP Claims are not getting Paid
The Gulf Coast Claims Facility has sent out letters to many recently that their BP Claims are denied, or that the GCCF is requesting more documentation to substantiate your claim. Why, after months and months of processing is the GCCF doing this now.
It is all part of a larger tactic employed by the GCCF of Delay, Deny and Defend. The longer you wait for your BP Claims money the more people become disenchanted with the whole process. Many people decide not to take further action, or not to take any action at all. This is playing right into their hands. They want you to lose interest in the BP Claims process.
If their true intention was to make it right as their slogan says, the BP Claims process would be more streamlined and more fair. By making the process more difficult the GCCF is saving BP money. Lets remember that the GCCF is run by Ken Feinberg who is paid by BP. He is paid 1.3 million dollars per month to administer the BP Claims money through the GCCF. Feinberg tried desperately to portray himself as independent of BP, it took a ruling by Judge Barbier in New Orleans to tell him to stop saying he is Independent.
BP Claims Fund is paid Quarterly
The GCCF is allotted 1.2 Billion dollars from the 20 Billion dollar fund every fiscal quarter. That money goes to paying off as many small BP claims as possible, with a few large ones that are being represented by aggressive BP Claims Attorneys. Paying off the small claims first helps the GCCF look impressive statistically. Look at how they manipulated people into taking the BP Quick Pays. First they delayed paying anybody with Oil Spill Claims for sometime, promising people that Interim claims would be forth coming. Then after months of not paying those BP Claims they came out with the BP Quick Pay, 5k for individuals and 25k for business`s, this was only after people reached a high level of economic desperation. This also allowed them to take over 100,000 oil spill claims off the books, in a short amount of time, and people gave up their right to sue BP.
The BP Claims Shuffle
This is what the BP Claims process is coming down to, The GCCF is stalling because it does not have the full 20 Billion Dollars in the Bank, it is funded incrementally. When the money runs out, so does their ability to pay claims. What is the GCCF’s best line of defense? Your BP Claims are UNDER REVIEW, or your BP Claims have been Denied, please reapply.
None of this helps much when your world is in economic collapse due to the Oil Spill. Lately, BP has been making deals with its partners to pick up some of the cost. Weatherford International has agreed to pay BP $75 million, Mitsui has agreed to pay BP 1.1 Billion. BP still has ongoing suits against other Deepwater Horizon partners Transocean, Halliburton and Cameron International as part of the multidistrict litigation that is ongoing in the U.S. District Court for Eastern District of Louisiana.
With all of this money coming in and the energy BP is expending to bring it in, you would think that if they used half of this effort you would assuredly have gotten your BP Claims paid by now.
Our BP Claims Solution
The Dream Team of Attorneys that we have connected with to serve you, all have specialties in the BP Claims Process. They are major players in the upcoming litigation, one is on the Plaintiffs Steering Committee, another has received the highest award for his clients from BP ever, another firm specializes in Interim Claims and Denied Claims with a quick turnaround time, they are all here for you. All you have to do is fill out the form to the right. Do you really believe the GCCF when they tell you your BP Claims are still under review.