The GCCF Problematic and Denied BP Claims
Author: findul | Posted: 29.01.2012Several legal experts agree now that the GCCF is not offering a fair review process of the bp claims so many individuals and business owners file. The organization has been set up by the BP in order to take care properly of all the tasks related to bp claims:
-reviewing files correctly
-distributing payouts from the available fund of $20 billion
-offering proper advice and consultancy to people who require it
Almost 2 years have passed since the devastating oil spill disaster in the Gulf of Mexico, and until now the GCCF distributed only 5.5 billion in claims (which makes up for about only 28% of the total available fund). If the GCCF continues being so slow and unfair in solutioning the problem, it will normally take another 4 to 5 years until all the funds are distributed to the claimants. Yet another big problem is that both the BP and the GCCF have “agreed” in a way to pay out only the less significant claims. About 40% of the claims they paid out are the ones in the range of $10,000 to $25,000 maximum. What does this mean exactly? That only those claimants were entitled to recuperate their losses, who were asking for lower compensation. Business owners who lost income and revenue equaling to $200,000, $300,000 or even more, do not have a fair chance of recuperating their losses.
There are many business owners out there struggling with denied bp claims. The GCCF has denied their claims on very unreasonable grounds, and now these people are discouraged and they cannot continue their battle with the BP or the GCCF. Several bp claims help centers have been set up which are meant to help these people get the compensation they are entitled to.
The sole solution for the bp claims denied issue is if claimants will start opting for legal representation. Teams of expert attorneys who work together with the best damage experts and accountants in the field will help sending these files for reevaluation to the BP. If the GCCF knows that the claimant has the best legal representation on his side, they will most definitely not disregard the claims, and will evaluate them properly that's why some of the claims has been denied for some reasons, in order to resubmit your paperworks to GCCF you must review it to any professional lawyer. Thus, victims of the oil spill will increase automatically their chances to fair compensation.
The sooner you opt for legal representation, the quicker you will have access to the compensation that you truly deserve.
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Failing to provide needed information for bp claims within the 30 day expiration period and error made in reviewing the papers are some of the valid reasons for getting your BP Claims Denied.
Failing to provide needed information for bp claims within the 30 day expiration period and error made in reviewing the papers are some of the valid reasons for getting your BP Claims Denied.
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