Tag: BP Settlement

Offers Finally Comming In From The BP Settlement

Now we are starting to see offers on the cases our law firms have in with the Deepwater Horizon Settlement. Its about time for this to happen as we have been waiting and waiting for it to come. I am happy to report that we have seen over 5 million dollars in offers over the last 3 days. With only 3 weeks to the opt out date its about time they get some offers out and that it would be to the attorneys first is not fair for the people doing it on their own but that is what it looks like.

BP Settlement

With over 55% denials and deficiency letters going out I am happy to report that until now we have only seen 1 denial in our group of cases submitted and very few deficiency letters. All deficiency letters we get we get them the documents they are asking for right away and move on. We have seen a wave of eligibility notices over the last 3 days.

With my last talk to the Deepwater Horizon Settlement people they are now processing over 2,000 claims per week and they are continuing hiring people and training them to make this number go up. This should be a good thing for the people that select to stay in the settlement.

Now just because we have started to get offers in for our client does not mean its right for everybody to stay in the settlement and below I will try and outline who should stay and who should opt out.

Opt Out Or Stay In ?

Assuming you will not get an offer on your claim before the 15 of October lets take a look at who should opt out and who should stay in. First look at where you live if you are a class member to begin with. Use this handy tool to make sure that you are class member. Settlement Zones

If you are a class member the next thing to look at is your documentation can you produce individual tax returns for 2009 and 2010 ? For a business can you produce tax returns for 2007,2008,2009,2010 and P/L for 2010? If so you have passed the documentation hurtle and it could be you should stay in the settlement.

Now next test would be your losses, where they in 2010 only ? If your looses are only in 2010 its a good compensation the settlement is offering 3.5 times your losses if you where in the tourist industry. Now if your losses spills over into 2011 and 2012 the settlement is not compensating you for those losses and Opting out and going with OPA might be better for you.

Where your losses more than $20,000 in 2010 then you might not want to gamble on BP making it right in the settlement as they have not been stand up people for the last 2 years compensating people why would that change now?

So as you can see there is many things to look at before knowing if Opting out or staying in is the right choice for you and with time running out and attorneys shutting down representation before the opt out date you are working with the last few days before its to late to get with an attorney. I suggest if you are in doubt to fill out a contact form and talk to an attorney about the Deepwater Horizon Settlement. Remember the attorney does not charge you anything before he gets you money. He charges 25% when you get money.

Who Is Getting Paid ?

Interesting enough no individuals are getting paid in the settlement right now, I am not sure why that is but maybe because they suspect that these individuals are not represented by attorneys and therefor they are not paying them yet as they have 1 year to pay them after November 1 2012. Claims getting paid right now is VOO boats, Real estate claims, business claims and Seafood claims that is the majority of offers we are seeing up to this point. We have seen no individual claims being paid but we have seen big business claims in the millions get offers on their cases. If you  are still waiting for an offer and you have a business claim or a seafood claim submit a form now and start talking to the attorneys before it get to late for the opt out and you are stuck in the settlement.

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BP Settlement A Bust

After all this time working with people getting their documentation for the BP settlement it looks like a bust, as the 2.5% of all claims submitted have been processed and have received an offer. 2.5% that is a correct number as of today. The BP Settlement looks more and more a bust even worse than the GCCF. In August the doors got opened for BP settlement offers to come out and only 1,500 offers came, that is totally unacceptable for an organisation that are supposed to have plenty of money from BP to administrate an undertaken like this. At the pace of 1,500 offers a month it will take the BP settlement 38 month or almost 2 years to get though the claims they have in today and new claims are coming in at a rate of about 20,000 new claims per month. Another fact is that the BP settlement only have until November 2012 where final approval have to be given for the settlement to move forward.

At this point I would tell people to sign up with an attorney and be ready for trial with BP. The BP Settlement is a bust and if you are not ready with an attorney on the opt out date you are going to be stuck in this thing. We have some great attorneys connected to this website that has already helped over 16,000 people get filed and processed. You need to be with an attorney that has this kind of experience with BP that can go to BP with thousand of case and get them settled before a possible trial.

What Do You Need To Have For The BP Settlement ?

Keep all W2′s and 1099′s with you for the years 2007 – 2011 so you can document your losses. If you are a fisherman or shrimper keep you trip tickets and your landing slips. Keep all tax returns that you have from those years. Keep any other paperwork that might prove your case. If there is some paperwork you don’t have the attorneys can help you with that. If you have had damage to your property with oil take pictures of all wet lands, beaches and other contamination. If you can take samples of the oil please wear protective gloves as the Corexit will be bad for your skin.

If you are a seafood harvester document with video or diary the state of your industry it will be good to have later for trial. Document as much as possible the better documentation and prof you can provide the stronger your case would be.

For now everybody are processed and submitted to the BP settlement if they are a class member but be ready to opt out if your attorney advice you to do so. If the BP settlement really is a bust like I suspect then everybody need to opt out before November 1 2012. Before then and why you need to contact an attorney today they need your documents and case worked up so the attorneys can see what would be best for you from the documentation you have.

How Do You Get Your BP Settlement ?

Fill out a form on the right and get with an attorney today. The attorneys will take you legitimate BP claims on a contingency basis and the attorney will only get paid after you have been paid. The attorneys will ask for no money up front and will take 25% of the money they get you from BP. They will do all the processing and maximizing of you claim to make sure that you get as much as you are entitled to. They will also protect your legal rights against BP to make sure they don’t get over on you. If you have to opt out on November 1 2012 they will advice you of that. Please fill out a form and talk to an attorney today ——–>

 

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Deepwater Horizon Settlements Starts To Pay Out

As of today over 1,400 offers have gone out from the Deepwater Horizon Settlements, and as of July 31 2012 check has been send out to those offers also. If you have submitted your claim to the Deepwater Horizon Settlements you are among 50,000 people that have submitted claims so far. The processing of claims are sure to get faster and faster as they get their systems up to speed.

I would guess that the 1,400 number we are seeing today will be more like 5,000 by the mid of September. Its so important for the class settlement to get a lot of claims processed before mid September because of the October 1 opt out.

October 1 Opt Out What What Should I Do ?

Now since I am not an attorney I cannot advice you what to do on October 1 2012, for that you should talk to your attorney but I can tell you what is going to happen after the Opt out date going forward. Now if you have the paperwork to prove your claim and you choose to stay in the BP settlement after October 1 2012, its because your paperwork is good you know and can prove your loss on paper and you are happy with the multiplier you are getting for your claim. So example if you are in the tourist industry and you are in Zone A you are looking at a 3.5 multiplier on your loss.

Now the settlement only gives you a multiplier on losses you can prove with W2, tax returns or P/L statements, what if you lost your house because you could not pay the mortgage because you lost your job because of the BP oil spill, again talk to your attorney about situations like this as I don’t think the settlement is written to cover losses like this.

Another example is mostly from the seafood industry, shrimp and crab season has been very tough on fishermen not in 2010 but in 2011 and 2012. The losses that are calculated with a big multiplier is from 2010 where the losses in this industry was not as big as what they are seeing now and in 2011. For these people the multiplier is correct between 5-8 times their losses but the year is wrong as the crab and shrimp did not disappear until 2011 season. Again when the harvesters are being hurt so are the processors and again they would have the same problem with the settlement.

On the other hand if you opt out of the settlement your attorney will have to be ready for OPA presentment by January 19 2013 a little less than 4 month after the opt out date. This is the last date to do OPA presentment or the 3 year statue will run on the case.

The OPA Presentment By An Attorney

The OPA presentment will happen in Houston, TX where BP’s head quarters are, this will be presented by an attorney to the agent of BP as they have claimed responsibility for the oil spill. This presentment has to be a full review of the losses that a client has had in respect to the BP oil spill. As the OPA (Oil Pollution act) was written very loose with plenty of room for interpretation losses like loss of house, boat, car, family will all be possible claims. Also anybody that does not fit the class action settlement that lost money because of the BP oil spill will be able to file with OPA. This would be anybody not in a settlement Zone or not in a job classification that is covered by the settlement. Here I would primary think of all the counties in Florida that are not Zones in the settlement and workers classified as Casino workers or Moratorium claims.

All the people that do not fit in the class should already have an attorney and have that attorney file their OPA claim now, as the BP OPA office has 90 days to bring back a reasonable settlement offer on your case or the attorney you are with can file suit on your case.

If you are still not with an attorney please fill out the form on the right and I will find you good representation in Houston TX no matter where you live in USA.

What Happens After OPA Presentment

Now the OPA presentment take 90 days where you have to get an offer back or the attorneys can file suit on your case and they will. So when you file suit the case with go back to the MDL in New Orleans and then it will go back to the state and county where you are from. So if you are in Pensacola Florida that is where you will get a trial date. The other option would be Houston TX as your attorney can choose venue on the case because the BP main office is in Houston Texas.

Now can BP really defend 10,000 cases at the same time ? No of course they cannot so they will have to settle every case out before trial or go to trial. For you and your attorney its important to get a trial date as soon as possible as this will put pressure on BP to get you a settlement offer you can accept. Getting a trial date in an MDL only base on other MDL’s that I have observed could be 12-18 month out.

Again talk to your attorney about stuff like this, and have him advice you on the legal side of things.

BP Settlement Application

After the news has broken with the judge signing off on the preliminary approval of the BP settlement, the settlement will go forward as explained on these pages and its time for your to get your application into the BP settlement.

For the thousand of people that have already filled out a free case review on this page and talked to an attorney about their case, the next step would be to get their documentation into the attorney you spoke to and let him find all the different claims you can apply for. Most people have more than one claim they can get a BP settlement compensation for. Time is of the essence with getting your documentation into the attorneys as you claim will be submitted as soon as you have given them all your documents. The work up of your case once all the documents are presented by you will take a few days but getting the documents in are the most important step for you.

For People That Have Not File A BP Settlement Application Yet

Here is what you need to do. Fill out the free case review on the right hand side, that will put you in contact with a BP settlement attorney that will handle your case in the attorney negotiated BP settlement. After you fill out the form on the right hand side you will hear from an attorney in the next couple of hours. He/she will talk to you about what you do and what kind of claims you might have. Its really important to tell him about everything that you work with and where you live. As the BP settlement is divided up into zones the closer your work place is to the water the better you are off.

After talking to the attorney he will send you by email a attorney contact and this will start you relationship with the attorney. All the attorneys that we are sending BP settlement claims to work on a contingency basic. So you will not pay anything before the attorney gets you money. If the attorney cannot get you money its free for you. I 99% of the cases the attorney will not take the case unless he thinks it will be paid by the BP settlement so let him guide you on the BP settlement and your legal rights with the BP settlement.

Share The Love With Your Friends And Family

Our goal is to get as many people on the Gulf Coast paid by BP for what they did to our waters and our lives. That is why we need your help to share the love and information about money being available in the BP Settlement. We would like for your to share this Facebook page with your friends. Just press like on it and your friends will be able to see it as well. http://www.facebook.com/bpsettlements

bp settlement facebook

This way we give your friends and family a chance to find out what you have already learned on how to get paid by BP in the Settlement.

We appreciate your help in sharing this Facebook page to all your friends.

BP Settlement Meeting In Panama City Tuesday 8 2012 at 18.00

If you are reading the post and your location is somewhere close to Panama City Beach I will be there tomorrow Tuesday 8 of May 2012 for a 6.00 PM meeting out at Boatyard restaurant. There is more information about the meeting here. BP Settlement meeting info

Its going to be an informal meeting where I will take questions about the BP settlement and what kind of claims you might be able to claim for. If you are in the area stop by and let me see if I can help you with your questions.

When Does The BP Settlement Start To Pay Out And Deadlines

The attorneys has 30 days from the preliminary approval from the judge before their establishment has to be setup, so that would put us around June 3-4 2012 before the BP settlement should pay out according to the new settlement agreement. The BP Settlement should last until November 2012 when the final approval for the BP settlement has to happen. Nobody that I talk to expects the BP settlement to last any longer than that as nobody expects the settlement to survive the Final approval. Its a lawyer thing where people put up appeals and stuff. So we have a window between June and November where we will try and get as many people paid as possible.

What If My Claim Is Not Accepted By The BP Settlement

First off there are many groups that are not included in the BP settlement, the largest group that nobody really talks about are all the business or individuals in Florida that are not in the counties included in the BP settlement. I think that is a huge group of business and individuals that are being past by. The other big group are the moratorium claims that are not included in the BP settlement. There is lots of industry connected to the Deep water drilling and lots of losses there. All the groups not included in the BP settlement should still fill out a form and just get their case to an attorney that would then submit the claim directly to BP or its agent. This would give them 90 days to pay the claim or the attorney can file suit on it. These claims will get paid if you can prove the loss and the connection to the BP oil spill, it will just take a little longer to get them paid.