Monday, March 30, 2015

BP Oil Spill Claims Deadline Update

It appears that June 8, 2015 is the final deadline for filing claims. There are currently over 112,000 unresolved Claims, including 70,000 unresolved Business Economic Loss (BEL) Claims.

BP Oil Spill Claim Deadline
"There are currently over
112,000 unresolved Claims,  including
70,000 unresolved
Business Economic Loss (BEL) Claims."
The claimants continue to endure requests for additional documents and information from the Settlement Program.

There is discretion under both the Settlement Agreement to request additional documents and information. Failure comply with requests may get claimants an “Incompleteness Denial”.

Before June 8, 2015, claimants still have the opportunity to re-file the Claim.

ONCE THE JUNE 8th CLAIMS DEADLINE PASSES, YOU WILL NOT BE ABLE TO RE-FILE AN “INCOMPLETE” CLAIM.

BP Oil Spill Claim Deadline


Tips for Claimants:

a. Make sure you have obtained and submitted all Documentation expressly identified in the Settlement Agreement.

b. Make sure or an attorney timely responds to e-mail or other informal requests from the Program Accountants and/or other Vendors.

c. When you tell the Program Accountants or other Vendors that you should be able to get documents or information a certain date, make sure that you are giving yourself enough time, (as that date may start the clock running on formal Notices, etc).

d. Ask for extensions on the front end.

e. Make sure you or an attorney timely responds to all Incompleteness Notices and Follow-Up Notices, etc.

f. Start to gather now any and all documents you can reasonably expect will be requested.

g. When you simply do not have or cannot provide documents and/or information expressly identified in the Agreement or otherwise requested, you or your attorney should attempt to provide a written explanation, with other associated back-up or alternative forms of documentation, etc.

h. When you have an absurd or unfair situation, advise and enlist an attorney.

Again, we understand the frustration.

There are currently over 112,000 unresolved Claims, including 70,000 unresolved BEL Claims.