SUMMARY OF OPTIONS FOR FINAL AND INTERIM PAYMENT CLAIMS
In November, 2010, Ken Feinberg and his administrators with the Gulf Coast Claim Facility (GCCF) established the following procedures for final and interim payment claims. If you need assistance regarding a clam with the GCCF, please contact Knox Boteler or email him at Knox@Botelerwolfe.com.
Final Claim. A final claim seeks to resolve the entire claim with BP and other responsible parties. You will be required to sign a release of liability. Upon executing this release you will not be able to seek further compensation. The GCCF will fully evaluate and determine the final payment claim within 90 days receipt of the “substantiated” claim. Once receiving your final payment offer, it will be valid for 90 days. You may submit a full review final payment claim at anytime prior to the close of the GCCF program on August 22, 2013.
Voluntary Quick Payment Final Claim. The GCCF has establish a “quick payment” of $5,000.00 if you are an individual claimant, or $25,000.00 if you are a business claimant. This “quick payment” is only for those who received an emergency advance payment. This option does not require you to submit any additional supporting documentation. However, you will be required to execute a full and final release just as you would with the full review final payment claim.
Voluntary Interim Payment Claim. If you do not select the quick payment final claim or the full review final payment claim, the GCCF will still allow for submission of an interim payment claim for past losses and damages. You may only submit an interim payment claim once per quarter of each calendar year until August 22, 2013. Within 90 days of receipt of a “substantiated” claim for interim payment, the GCCF will evaluate and review the submitted documentation.
BP Oil Spill Workers Update
As reported in the Fall Newsletter, the firm is active in protecting the rights of those oil workers physically harmed by chemical exposure. Earlier this month, Knox Boteler requested Congressman Jo Bonner’s office assistance in communicating with the National Institute of Environmental Health Services. This federal agency has been appointed to conduct studies on the effects on the oil spill workers. Funding for such a study was provided by BP. While the practices and procedures for this study were implemented in a recent meeting in Tampa Florida, this information has yet to be shared with these affected workers. With the help of Congressman Bonner, the firm is hopeful the deficiencies in this area of support for spill victims can be corrected.