BP Settlement With NO CAP On Payments

Here are the important parts of the BP Settlement reach today with the attorneys.

So the BP settlement has NO CAP on money being paid by BP but BP estimates it will cost them 7.8 Billion dollars.

BP estimate is just some BS they have to tell their shareholder for their stock price to go up. They really don’t know what claims are out there and how much its going to cost them.

It could cost BP 30 billion dollars, they don’t know.


BP Settlment

BP settlement | What Does It Mean To You?

To you it means that your claim would be presented to the courts and the courts would have a transparent system in place to evaluate each claim in a timely manner. No more BS from the GCCF.

The attorney steering committee said: “This settlement will provide a full measure of compensation to hundreds of thousands — in a transparent and expeditious manner under rigorous judicial oversight.”

Now this should not take away the right for people with BP claims to sue BP for the losses if the BP settlement offer is not what they want.

Now as I wrote about in my BP settlement Post yesterday Ken Feinberg came out with information about the 120,000 clients the Attorney steering commitee said they had and from his reporting it sounds like they only have about 10,000 – 20,000 clients if that.

So it will be their job to go to the other attorneys to see if they can get some of their claims in to this BP settlement. They would have to find about 90,000 to 100,000 BP claims out there to make the money that BP has committed to this settlement worth it for BP.

Again with NO Cap on this settlement if the multiplier is right on the settlement offers they could get most of the claims out there settled though this court settlement process.

To get all these extra clients in to the BP settlement they would have to offer some good money for the other attorneys to come to them with the clients. Also they would have to make it a little easier for people to get paid, so less documentation and faster payment.

That will mean everybody that are represented by an attorney can select to go to the BP settlement with the courts.

Now if you are already with an attorney you are good to go wait for the BP settlement offer to get presented to you. If you don’t have an attorney yet fill out the form on the right hand side and get started with you claim now.

What will happen with claims at the GCCF?

First off the GCCF will get to conclude any negotiations that are already happening with claims they are working on, this would probably mean they would stay in business for the next few month but after that the GCCF would close down. If you have a claim at the GCCF and get it back not paid you would probably not be able to refile it with them. The GCCF would most likely shut down for new claims to be processed by them.

If you don’t have an attorney you have to find one now.

How Do I Get My Share Of The BP Settlement ?

First off just because there is a BP settlement you would still have to provide documentation on your claim and your claim would still have to pass the attorneys approval.

What you would have to do if you don’t have an attorney is fill out the claim form on the right hand side, after you hit submit it will take you to an attorney page where you have to fill out more information about your claim and ask for their representation.

Just because you fill a request for attorney representation out does not mean the attorneys will take your case. It just means they will review you BP claim and hopefully take your case and help you get your share of the BP settlement.

You have to be represented by an Attorney to get your share of the BP settlement

What the GCCF Doesn’t Want You to Know

The GCCF stories continues with this blog post.

If you live on the Gulf Coast and the BP oil spill negatively affected you, you should file a claim, right? Wrong.

If you’re thinking of filing a claim for oil spill damages with the Gulf Coast Claims Facility (GCCF), you may be sorely disappointed with the results. Let’s walk through the typical claims filing process so you can get a better look at what may be in store for you if you choose to go this route with the GCCF.

gccf and BP claims help

GCCF Process As It Is Now !

You file your claim with the GCCF. You wait a couple of weeks, and then you receive a letter in the mail stating that your claim is deficient and requires you to submit additional documents in order to be processed. You think, “No problem,” and you send off the appropriate information. Then, you wait some more, expecting a check to show up in your mailbox any day. Instead, after a few more weeks go by, you receive another letter of deficiency from the GCCF expressing the need for you to submit even more documentation. All the while, these letters are assuring you that the GCCF is committed to helping you through the claims process quickly and expediently.

The months come and go, and each day you find yourself wandering to your mailbox with baited breath, crossing your fingers that – yes – today your highly anticipated check will finally arrive. Only it never does. You receive yet another letter stating that you have filled out your forms incorrectly and you must resubmit your claim.

You curse the sky, pick up your phone and you call the GCCF – which results in nothing but a back-and-forth exchange with a GCCF representative that produces only frustration. After months of waiting and correcting, arguing and hoping, you are officially ready to wave the white flag. You walk out to your mailbox one last time, and you find a settlement offer from the GCCF for a fraction of what BP owes you. The offer includes a sneaky little document that you must sign agreeing you will not sue BP. You sign away your rights and take the offer, because at this point, you are grateful for any money at all.

GCCF Real Life Story, it happens to everybody

This is exactly what happened to Pamela Parks, a manufacture of fiberglass boats that fish off the Gulf Coast. Parks filed her claim with more than 400 supplemental documents and a CD full of data, and the GCCF still denied her request. Then, when Parks called to find out why, “they said they needed more information. I resubmitted and was denied [within] 3 days of submission. Then, when I called the next time, they said we were filed under the wrong category. Then we received a denial letter again. And we were told to redo the claim online – which I did – and fax in more supporting documents, which we did, within 3 days of re-doing [everything] online.”

All of her sorting and filing was to no avail. Parks followed up again, this time asking the GCCF representative to send her the supporting documents to review so she could understand why the agency denied her claim. The representative told her “no” without any further explanation. Parks pointed out that she thinks the GCCF may be trying to wait out as many claimants as possible to avoid payment before the 2013 deadline.

Dirty Little Secret Work With Attorneys No Up Front Cost

Don’t let this happen to you. The dirty little secret that the GCCF doesn’t want you to know is that you have other options. You can work with attorneys to get your claim paid by the GCCF – without getting the runaround from the GCCF. If you fill out a free case review and speak to our attorneys, you can bypass dealing with the GCCF altogether. Brent Coon & Associates will take your claim work it up and submit it to the GCCF. If they get denied, they will take those Bastards to trial for you as any legitimate oil spill claim will be pay by the GCCF or BP, you can put your trust in that. If you want to talk to the attorneys first and then decide that is perfectly normal, fill out the free case review and get started now.

So Called Consultants versus Attorneys Submitting You GCCF Claims

There are also consultant out there that want to do your BP claim for you, don’t get fooled by their know it all attitude ask them how they will fight BP in courts if it comes to that. If you made the mistake of going with an consultant at first you can still sign up now to use attorney’s from us. We pride our self in having selected the best trial attorney to face BP if you need it. We hope it does not come to that but if you need to use Mr. Brent Coon to get your case settled he will be on your team. Look him up right now Brent Coon & Associates, see what he has done to BP before like the Texas City Explosion, look at his experienced with BP. Then ask what ever consultant that comes up to you and want to do your case for money and ask them what experience they have. They will charge you 20% of your potential compensation to push paperwork to the GCCF for you. If you get denied you still have to go out an find an attorney, and you still have to pay that attorney.

The attorneys will fight your case all the way until you get paid, the consultants will push you paperwork to the GCCF and expect a cut, without any legal power to do anything. All they are is so called consultants. What do you think it takes to become a consultant ? 5 years of college or 3 years of business school ? I don’t know but I feel like anybody can be a consultant and get away with it. Not so with an attorney where experience and law school is a major part of his resume. Choose wisely and go with an attorney from the start, your power with the GCCF will be much bigger and your compensation will be much bigger, as the GCCF and BP don’t want to go to trial with Mr. Brent Coon.

Time Deadline To File With The GCCF

You need to get started as soon as possible, because the BP trial is set to begin in February of 2012. The attorneys need enough time to get your case sorted out before the big day, and you don’t want to miss out on your piece of the $20 billion set aside to pay claimants after the trial. According to a Reuters story, BP’s strategy is to use the money set aside to pay off large claims first in order to keep from dealing with those claimants in the courtroom.

The report notes that, “[t]he fund, which was taken over last month by Obama administration’s former executive pay czar Kenneth Feinberg, could presumably pay the vast majority of the stronger claims, such as those brought by resorts that had oil-smeared beaches. That could leave BP and its defendants facing weaker claims that the fund rejects, such as those brought by businesses miles from areas affected by the spill.”

This means that you need to act now to get your piece of the fund. Don’t get caught up in the GCCF’s game. The organization wants you to settle with them in order to avoid facing you in court and potentially paying you more money. This is precisely what you need to do, however, and if you team up with our attorneys by filling out a free case review, you can get what you rightfully deserve when the trial ends.