GCCF’s Tight-fisted Payout Policies Force Claimants to Fight Back

It’s been a year and a half since Gulf Coast Claims Facility (GCCF) was set up by the White House and BP to pay our $20 billion in Gulf-Oil spill claims, yet its tight-fisted polices are pushing many claimants up against the wall.

The GCCF was touted by both the White House and BP as a benevolent and understanding third-party administrator headed by Ken Feinberg, an attorney who helped settle the claims of the September 11 terrorist victims, but in reality the GCCF has only paid out a paltry sum of $5.3 billion in Gulf-oil claims — so far.

 

I believe this is inexcusable!

 

Only Three Options At GCCF For Your BP Claims

 

At first, GCCF paid out a number of claims promptly, but within two months the claim spigot began to tighten and today only a trickle is coming out to claimants without legal representation.

If you happened to be one of the injured parties in the Gulf-oil spill, you really only have three options in getting justly compensated.

Option 1

You can take a so-called “quick payment,” which amounts to a sum of $5,000 for individuals and $25,000 for businesses. Granted, this requires minimal paperwork, but the great disadvantage of this option is that you sign off all your rights for any additional claims. Option one can be summed up this way: “What you see is what you get”.

Option (2)

Is for those whose losses are greater than $5,000 or $25,000. In order to file a claim under this option, you must be able to provide substantial documentation. On the face of it, this seems reasonable, but recent tightening by GCCF and its ever-changing documentation requirement shows that this is not the case. Even fully documented victims get flat denials by the GCCF

For example, I recently read a column written by Larry Kendzior, a consultant and CPA who writes for the Florida KeysNet. In his piece, he described some of the documentation horror stories faced by some of his clients who filed BP Claims.

“Several of my clients have documented claims in excess of $100,000,” Kendzior wrote. “A few have been paid, but most have been denied, or the GCCF has offered to settle for nominal sum.”

Why are so many cases being flat-out turned down? The GCCF is constantly changing the rules making them a moving target!

According to GCCF administrator Feinberg, the Facility now will not pay loss of income claims documented by CPAs. To me this is astounding, considering the Internal Revenue Service (IRS) and other government agencies allow CPAs to represent their business clients in any audit.

Instead, the GCCF is asking businesses to provide written proof of customer cancellations and even proof that they would have been on the water, according to CPA Kendzior.

It’s pretty clear to me, after reading this column, that this rule is just another way for the GCCF to deny legitimate claims!

In his piece, Kendzior advises that no claimant should be lulled into thinking that they’ll get a check just because a local GCCF representative has prepared or reviewed their BP claim.

“Many claims handled this way have been denied after review by the central facility in Ohio,” wrote Kendzior.

 

Fight Back Against The GCCF Option 3

Unfortunately, this kind of game playing coupled with escalating documentation requirements has forced many claimants to pursue the third option, which is to secure legal representation.

What does Kendzior recommend in his column?

“My advice is to take no action unless you have first reviewed your situation with an attorney who is experienced in BP claims,” he writes.

I concur completely. Don’t let the GCCF play games with your future. It makes all the sense in the world to protect your interests by seeking legal counsel today!

For Help With Your BP Claim Or To File A New Claim, Complete The Form On The Right. You Will Be Contacted Shortly To Discuss Your Options.

 

Gulf Coast Claims Under Scrutiny

Government Officials Investigating Gulf Coast Claims Process

It’s an open secret that the Gulf Coast Claims Facility is not doing a good job getting money out to people who need and deserve it, and that’s why it can be frustrating when it seems like nobody is doing anything about it. Well it looks like some state governments are finally taking action to clean up the Gulf Coast Claims process. This is all preliminary stuff, so I wouldn’t start celebrating yet, but it looks like there are least people with influence out there who care about Gulf Coast Claims. From big issues to small ones, we’re starting to see some action.

Gulf Coast Claims

States Taking Action on Gulf Coast Claims

The Gulf Breeze Claims Office in Florida is closing for no reason (except to get people to give up on getting their Gulf Coast Claims), but it’s actually getting some notice from people like Florida State Representative Doug Broxson who said he is “disturbed” by its recent closure.

Louisiana has also filed against BP and Transocean because they are trying to limit their liability for gulf coast claims for the 5 million barrels of oil they dumped into the gulf. BP and Transocean are trying to get out of paying for the damage they caused by saying that their explosion of oil was a “permitted discharge” under a ridiculous interpretation of an old law, and Louisiana is calling them on it.

Mississippi Attorney General Jim Hood thinks that the Gulf Coast Claims Facility is tricking and forcing people into taking low quick pay final payments, and is going to Washington to look at their shady paperwork.

What Does This Mean For People Trying to Get Gulf Coast Claims?

The good news is that there are people in the state governments who see what BP is trying to do with the gulf coast claims process, and they are trying to do something about it. The bad news is that BP is very powerful, and has had virtually no pressure from the federal government to get its act together. The states may have some luck getting BP to actually pay what it deserves, but for right now it looks like the Gulf Coast Claims Facility is still up to its same old tricks: Delaying, demanding more documents, and denying.

If you want some free help getting the most from the Gulf Coast Claims Facility, you can fill out the free case review box on the right side of the page and somebody will contact you to help you out. In the meantime, as always, we recommend that you avoid taking any quick pay payments from the Gulf Coast Claims Facility and signing away your rights. Even though the GCCF is stingy with them, try to get interim payments so you don’t have to sign away your rights to get compensated.

Right now BP has said that the effects of the oil spill will be gone by the end of 2011. I’m sorry, but that’s the stupidest thing I’ve ever heard, and we all know it’s a lie. If you want to be compensated for your losses past 2011, or even completely for 2010-2011, be very careful about taking final payments from the Gulf Coast Claims Facility.