Breaking News On BP Settlement Multipliers

Wow do I have some good news for everybody on a Friday night. Now remember this is still not an approved BP settlement or a finalized BP settlement but if I understand it correctly the multiplier that people are going to get in the BP settlement people are going to be made whole.

BP Settlement Multipliers

If you want to see all the details read this post on Calculation Of My BP settlement

For the people that don’t want to read all the details the multiplier for business and individual claims in the BP settlement will in some case be almost double the amount that the GCCF would have paid out on the same claim. On top of that most claims groups would not have to document that the BP oil spill was the cause of their losses. They just have to document the loss.

On top of that you can take the worst 3 month of 2010 and compare it to the same month of 2009 or use a combined number from 2009 and 2008 or 2009, 2008 and 2007

This is going to amount to a very nice situation for most people with claims going to the BP settlement.

Examples of Payouts In The BP Settlement.

A waiter in Pensacola beach that lost $20,000 in 2010 and was working on Pensacola Beach lets say Crabs down their or Hooters would get an offer for $70,000 from the BP settlement. They would not have to document that the BP oil spill caused their loss and they could give 3 month of W2’s from 2010 to their attorney and compare it to W2’s from 2009 same month compared.

The same would apply to Commercial fishermen, Charter Fishermen, Water sport, rentals, water sport.

If you had a business that was a tour operator inland for tourist and had documented loss of $100,000 in 2010, you would not have to document that the loss was caused by the BP oil spill. You would get an offer for $300,000

Same would apply to all tourist and seafood industry inland (restaurant with gulf seafood on the menu I would think)

The worst a business would make out would be a construction company or painters let me take their example. Lets say a painter had losses of $50,000 in 2010 compared to other years. The painting business would get an offer for $100,000. Just a little more than the GCCF would have offered.

The only time this would not apply would be if the business was located 0 – 1/2 mile from the beach or 1 mile from wet land with oil on it.

Get your claim into an attorney now

So after knowing the payout its important you get your claim into an attorney now so they can work up your claim and get it ready for the BP settlement that will start in about 60 days from today. Fill out a form on the right hand side and then fill out the attorney request for representation form and you are on your way.

BP Oil Spill Claim – A Simple Guide To Learn How to File BP Claims Without Any Hassles

The Gulf of Mexico oil spill is one of the most shocking incidents in the history of US. Majority of people directly and indirectly are affected by this disaster and are entitled for BP oil spill claim. The government has held BP responsible for this havoc and made the company liable for all the consequences. BP has admitted that the company committed mistakes leading to the great oil spill.

BP Oil Spill Claim Sucess

The company has promised to compensate every one including the losses occurred to the government revenue and public property. BP has setup a separate fund with $20 billion to be used to process BO oil spill claims. Attorney Kenneth Feinberg is the administrator for this fund. His responsibility is to make sure that BP oil spill claim is processed correctly and the interest of claimants is protected.

There are thousands of people affected directly or indirectly by this disastrous oil spill. However, many people are not aware of the process of filing BP oil spill claim. BP has setup several channels to expedite the process. If you are one among the many people affected, you can make a call to this number – 1-800-440-0858 begin_of_the_skype_highlighting              1-800-440-0858      end_of_the_skype_highlighting. You can also file your claim on the internet.

Online BP Oil Spill Claim

British Petroleum has provided claim forms on their website. You can visit their website and go to the claims page and fill in the information. They have also setup thirty three field offices in different states like Florida, Alabama, Mississippi and Louisiana.BP Claim Center . You can contact any of these offices to submit your claim in person an talk to a BP Claim person.

You can also mail them at ESIS, Inc., Beaver Valley Road, 1, West, Wilmington, DE 19803. The fax number is 302-476-6272. The Company has already hired 1000 people to process these claims. They have already received more than 64000 claims and paid more than 100 million dollars.

What kind of BP oil spill claim?

There are few steps to be followed in order to successfully file a claim. Firstly determine what type of claim your loss is entitled to. There are different types of damages like property damage, loss to government revenues, removal and clean up costs, damage to natural resources and loss of earnings. Determine which category your claim falls into and then apply with the relevant form.

Secondly, you need to submit the relevant documents in proof of your identity. BP will evaluate your application and assess the damage done. If your application fulfills the required criteria, as an individual, you can expect it to be processed within 4 business days. If you make a business claim, it might take up to 7 business days.

You can always find the status of your claim by calling 1-800-573-8249. You can also appoint a competent claims lawyer to make sure that the claims are processed correctly and exact amount is claimed. The lawyer will make sure that your interests are protected through out the whole process.

There is no fee to make BP oil spill claim. Be careful of scammers and do not pay any money for mediators. You can directly contact the company and get your compensation at any time by simply filing an BP oil spill claim