Deepwater Horizon Settlement Now Open

Today marks a mile stone for many people that have been dealing with the economical effects from the 2010 BP oil spill, the Deepwater Horizon settlement is now open for business and the attorneys are submitting claims like their was no tomorrow. The office of Brent Coon & Associates have shut down all incoming phone calls to get as many claims submitted to the Deepwater Horizon settlements as possible, in the short window we have to do so.

If you have not started the process of getting money from the settlement its time for you to get started now. Fill out a form and flow though the process of getting an attorney to submit your claim for you. This could mean a nice compensation for all the wrong that BP’s oil spill did in 2010. This could get your finances back in order after the oil spill.

As an observer of all things related to the BP claims process I think this is it, this is where people are finally gonna get paid, if they have an attorney that submits things correctly for them to the Deepwater settlement.

deepwater horizon settlement

Leading Attorney says this ...

Deepwater Horizon Settlement Hard To Figure Out

So I have been looking at the claims forms and as most of your guys know I live on Navarre Beach, I have also told you guys that I have never before had a claim for the BP oil spill be cause it did not damage me economically since my business is in the woodworking industry. However in this new Deepwater Horizon Settlements I have a claim since I lost the use and enjoyment of my house in 2010. Now I have looked at the claims forms to see what I need to do to file for my loss of the use and enjoyment of my house. Its easy enough to find out what zone I am in since I am on the beach in Navarre so it would be Zone A. Then I look at the claims forms I have to fill out and I don’t know if its just me but the length of the forms and complication of the questions I have to answer I am just not sure what to do.

So I will fill out a form on this website and be like one of my readers and I will share with your guys what happens to my claim. How the whole process goes and keep everybody up to date on what happens when.

My BP Settlement Process

Today I have fill out a form on this page, after I submitted the form I was put over to an attorney page of D.Miller and Brent Coon where they needed some extra information like an intake form and I got to ask for their representation for my claim. I filled all that out it took about 10 minutes but I got all my information over to the attorneys and told them a little bit about what I do and what my claim is for.

I am now waiting for the attorneys to get back to me will update when they have………

If you want to join me and get your claim done by the attorneys and submitted to the settlement fill out a form and follow the process I am doing.

When Is The Deepwater Horizon Settlement Deadline

Well it started today June 4 2012 and the opt out deadline is October 1 2012, if you have not opt out at that time you have to accept what they offer you in the settlement even if its not good. That is why you want to get your claims in as soon as you can and hopefully receive a settlement number back before October 1 2012. This way you can still decide if you want to opt in or opt out of the deepwater horizon settlements.

I am still thinking that we will see press releases every week starting this week of all the money the Deepwater Horizon settlement is paying out and it will not be a long wait until we see these numbers, maybe as early as Friday we are going to see the first press release like this.

FAQ About The Deepwater Horizon Settlement

Do I think the 7.8 billion dollars are going to be enough to cover everything ?

Absolutely not it will be 20-30 billion that will have to be paid out before the deepwater horizon settlement is over.

Do I think the settlement will last?

No it will not last, as the terms of the settlement will not stand up to appeals, so expect the settlement to go away around November 2012.

What will happen after the settlement ?

There will be lawsuits against BP file by the attorneys, this will be for all the people that opt out of the settlement and the people that where never included in the settlement.

What happens if I opt out of the Settlement now?

Your attorney will then present your claims to BP directly and they will have to resolve your claim or deny it at witch point the attorneys will file suit on your claims

Should I opt in or opt out of the deepwater settlement?

That would have to be a question for your attorney to help you with as every situation is different, but many people or business are not in the settlement to begin with and they would have to go after what is owed a different way with their attorneys.


To Be First In Line For The BP Claims Settlement

Today is Tuesday May 29 2012 and we got one week left before the gold rush starts. Next Monday is June 4 2012 and the BP settlement will begin its going to be a rush for all the attorneys to get their cases in first with the BP claims settlement. Lot of people have speculated that the steering committee attorneys would have first dip on getting their BP claims forms in but with the new more complicated system it is really all about manpower, who have the most processors to fill out forms online for their clients.

BP Claims Settlement

When the forms comes online next Monday any attorney with respect for them self will have all their employees at a computer screen filling out forms. Something only an attorney can do as they will get an attorney login/password to handle all their clients.

If you are still with an “Consultant” its time to change horses since they will not have access to submit your claim for you.

BP Claims Settlement Clarifications

Lots of clarifications coming out on how the seafood settlement in some cases will be delayed as it has a cap on there they have to make sure there is enough money to go around. Also BP has their secret opt out number (10%) that they can pull if they want to so the settlement stops. They will probably not use this trump card as the people they are paying would go to the courts and file lawsuits if they don’t get a release from them. So the money will most likely keep flowing for a bit. Remember its an election year and the president has to try and look good to his voters. This fact will most likely help getting money out faster up until November 2012.

Another interesting fact is how complicated the steering committee made these claims forms some of them over 20 pages, very hard for anybody to figure out and fill out with any consistency. Why do you think that is ? Well her is why. They are trying to do two things.

1) Opt Out BP Claims Settlement, that means if you don’t opt out you are considered to be in the settlement, but if you never file a form then you will never get any money. If the time goes to October 1 2012 and you have not filed out a form on opt out you could lose your rights to go after BP.

Now this is very interesting and probably something that will not hold up on appeal. So in most cases the statue of limitation or the time in witch to file a claim is 3 years (most states) but by giving class members only to October 1 2012 they are cutting that 3 years down to 2 years and a few month’s. I think that is going to be a real problem for them on appeal. For now better safe than sorry get your attorney to handle all these deadline for you and make sure that you stay in touch with your attorney about your cases. You will get a number back from the BP claims settlement with what you should be paid. Let the attorney advice you on taking this number or rejecting it before October 1 2012.

2) Get the BP claims to the attorneys for a full work up. For the BP Claims Settlement its easier to process the attorney claims that has all the documents and forms filled out correctly than having people that don’t know this business fill it out by them self. If you are a fisherman how go do you think your attorney would do your job ? Right so don’t try and do the attorney job it will only mess up your claim and get things screw up for you. Concentrate on going out everyday make money in the job you know how to do, let the attorneys do the job they know how to do.

BP Claims Settlement Opt Out or Opt In

This is something you have to find out before October 1 2012. If you don’t know what to do the safe thing to do is to Opt out. Then you have not given away your rights. If you want to see what the BP claims settlement will offer you have your attorney submit your claim for a number they will pay you. If you get a number back before October 1 2012 look at it and take it or reject it. If they slow things down and don’t get you a number before then it would be safer to just opt out.

Here is how you opt out from the BP claims settlement .

To validly exclude yourself from the Economic Class, you must submit a written request stating “I wish to be excluded from the Economic and Property Damages Class.” The request must include your printed name, address and phone number and must be postmarked no later than October 1, 2012. The written request must be signed by the Natural Person or Entity seeking to exclude himself, herself or itself from the Economic Class, even if they are represented by an attorney. Electronic signatures will not be accepted. The request should be mailed to:

Deepwater Horizon Court-Supervised Settlement Program
Exclusions Department
P.O. Box 222
Hammond, LA 70404-0222

It would be smart to have your attorney weigh in on this and you together can figure out what the best thing would be to do in your unique case.

Help With Your BP Claims Settlement

As always we are ready to take your BP claims settlement to the attorneys just fill out a form on this page and you will hear from an attorney. If you feel like you can do it yourself I will warn you that the pit falls in this thing are many and you might end up with nothing at the end of the day. Just a word of advice.