BP Claims... | TigerDroppings.com

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ForeLSU
LSU Fan
The Corner of Sanity and Madness
Member since Sep 2003
33666 posts

BP Claims...


I do a little work on the coast and have had a couple of folks ask me if I've filed a claim with BP yet. It sounds like there is quite a bit of "stretching the truth" going on with these claims. I could probably fabricate a reasonable story, but it would certainly be a fabrication, therefore I'm not planning on submitting anything. Anyone on here filed a claim?






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bryso
Clemson Fan
The Real Death Valley
Member since Dec 2006
27063 posts

re: BP Claims...


good. dont be a greedy bastard who wants a hand out if you dont truly need it.





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Athanatos
Vanderbilt Fan
Baton Rouge
Member since Sep 2010
6405 posts

re: BP Claims...


I know some people who filed claims. Most have gotten or are getting money under the settlement. Consult an attorney or a knowledgeable accountant to see if you have any losses that are recoverable under the settlement.

What is your business?






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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18148 posts

re: BP Claims...


BP claim is a once in a lifetime plaintiff's attorney case.

They are just printing money for themselves.






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OTIS2
LSU Fan
NoLA
Member since Jul 2008
25697 posts

re: BP Claims...


Under the settlement agreement that BP approved, claimants are not required to prove that their businesses were damaged by the spill.





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schlow mo
Mississippi St. Fan
New Orleans
Member since Feb 2010
5179 posts

re: BP Claims...


quote:

Under the settlement agreement that BP approved, claimants are not required to prove that their businesses were damaged by the spill.


This

But it can be difficult to prove causation if you are in Zone D. Just depends on where the biz is located.






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OTIS2
LSU Fan
NoLA
Member since Jul 2008
25697 posts

re: BP Claims...


Zone D causation for many claimants is similar to a free pull on a slot machine arm...





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schlow mo
Mississippi St. Fan
New Orleans
Member since Feb 2010
5179 posts

re: BP Claims...


Yes it is. No reason not to check with an attorney or accountant and see if you are eligible






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ForeLSU
LSU Fan
The Corner of Sanity and Madness
Member since Sep 2003
33666 posts

re: BP Claims...


quote:

What is your business?


computer nerd...I do have some systems running in several condo facilities on the cost, but I would really have to stretch (lie) to say I lost revenue.






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OTIS2
LSU Fan
NoLA
Member since Jul 2008
25697 posts

re: BP Claims...


You don't have to say you lost revenue to proceed with a claim.





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beauxkner
LSU Fan
Flippa City
Member since Jun 2008
450 posts

re: BP Claims...


quote:

I would really have to stretch (lie) to say I lost revenue.


A good friend of mine works for one of the few accounting firms which analyzes the claims. I would strongly advise you to refrain from doing this sort of thing. The firms that are analyzing the claims take this sort of thing seriously. While there are stories like X business got Y payout for nothing, they are usually within a heavily affected region, or it is a business directly tied to a heavily affected industry (tourism, seafood, etc.) where little to no causality must be proven. I would err on the side of caution.






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Tenforty1728
LSU Fan
Baton Rouge
Member since Oct 2012
55 posts

re: BP Claims...


Use an accountant, not an attorney to prepare your claim. Most accountants are not taking a contingency fee, while most attorneys are taking at least 15% of an award.

As far as the moral stance on a claim, that is obviously up to the individual. I would feel a little funny taking money I didn't feel I deserved, but you could always take it from the Brits and do something good with it. Church, hospital etc.






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ForeLSU
LSU Fan
The Corner of Sanity and Madness
Member since Sep 2003
33666 posts

re: BP Claims...


quote:

A good friend of mine works for one of the few accounting firms which analyzes the claims. I would strongly advise you to refrain from doing this sort of thing.


yes, it would be unethical for me to file something.






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Doc John
LSU Fan
The Cave
Member since Nov 2010
332 posts

re: BP Claims...


You do not have to show proof of loss. Consult with an attorney or CPA regardless. The structure of the deal, as I am aware, lets you compare months over several years and certain months during the spill. If some were higher than others by any chance, you can file. This could be done if you are in a service industry during the holiday season, or a bar during mardis gras.





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OTIS2
LSU Fan
NoLA
Member since Jul 2008
25697 posts

re: BP Claims...


Or a farmer...or a metal fabrication company...or so many other segments of the economy with erratic income streams. I predict that by the time the program concludes, BP will have sued the experts that advised it on the terms and breadth of the settlement .





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jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
13670 posts
 Online 

re: BP Claims...


They didn't hurt me much but I got $5k just to shut up and go.





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11thACR
Appalachian St. Fan
Georgia
Member since Mar 2012
493 posts

re: BP Claims...


Anyone own and file on wetland property damage ?





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JasonL79
New Orleans Saints Fan
Gretna
Member since Jan 2010
4218 posts
 Online 

re: BP Claims...


I filed.

Got paid a portion of my loss in nov of 2010. Still waiting on the remaining portion. They made me an offer last March but they used some BS criteria to formulate the offer. I filed again with Deepwater Horizon Claims Center and am waiting on their offer. This whole prices has been beyond frustrating. I have been asked for some of the same documents over and over even though I handed it in and and have gotten the run around a lot.

By the way, I was in seafood. Wholesale to other restaurants/markets and also seperate Retail/restaurant business actually.

I am also an accountant (undergrad in accounting and masters in finance) so I did my own claim.






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RMFT
Alabama Fan
Member since Jul 2012
233 posts

re: BP Claims...


(no message)


This post was edited on 1/23 at 6:45 pm


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RMFT
Alabama Fan
Member since Jul 2012
233 posts

re: BP Claims...


(no message)


This post was edited on 1/23 at 6:45 pm


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