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.

 

Update: GCCF Claims Stats

GCCF Claims: How Many People Have Been Paid?

We’ve done stat updates in the past to see how many GCCF Claims were paid out, and what the amount of those GCCF Claims were. It’s been over a year since the oil spill now, so we want to take another look at how far they’ve come to re-compensating the people whose livelihoods BP destroyed. This info comes from the GCCF’s own website.

Let’s start with how many people have been paid GCCF Claims period. The GCCF is currently processing 302,757 claims. They have paid out 144,744, which is less than half of all claims. That seems pretty pathetic after an entire year of people suffering has passed, so let’s look at some more details about what’s going on with GCCF Claims. The GCCF has told 7,944 people that they had no losses (this may or may not be true). 547 people withdrew their claims, 28,213 were told they need to send in more information (a famous GCCF Claims delaying tactic), and the GCCF has outright denied 82,093 claims (even though they had losses). 21,968 claims are still waiting to be reviewed. So all-in-all 140,765 people still have not been paid or made an offer for their GCCF Claims. That is A LOT of hurting people.

How Much Do the People Who Did Get GCCF Claims Money Get Paid?

If you thought the number of people not getting paid was bad, this is really going to piss you off. Of the 144,744 people who did get their GCCF Claims money, 116,035 got the low-ball quick pays. That means over 80% of the people who got money got a crappy offer that probably was not anywhere near how much they actually lost. Quick pays are $5,000 for individual claims and $25,000 for business claims, but if you have been out of work or business has been slow for a whole year, you better believe you’re in the hole a lot more than that. The GCCF is trying to make people desperate by asking for more info and denying claims so that they will take their super low quick pays.

So What Can You Do About Your GCCF Claims?

Unless you’re one of the lucky few people who get an actual final offer for their GCCF Claim instead of a quick pay, there is not a whole lot the GCCF is going to do for you. Your other option is to get some representations and force the GCCF and BP to pay you what you deserve. Only 42,477 people have decided to take the fight to BP in court so far, which means the GCCF is winning. They are tricking gulf coast residents into taking their crappy quick pays every day, because people are desperate and the GCCF has lied to them to make them think that whatever they say is what you will get for your GCCF Claim. It’s just not true.

If you would like to get some help with your GCCF Claims, or even just talk about your claim with an expert, feel free to fill out our free case review box and we’ll connect you with someone who can help you.