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Gulf Coast Claims Facility, the BP Oil Spill Fund is Open

Posted by Adam Ellis on Aug 25th, 2010 and filed under Featured News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Gulf Coast Claims Facility Fund

Gulf Coast Oil Spill

Gulf Coast Claims Facility’s independent administrator, Kenneth Feinberg is now in charge of the BP Fund that plans on allowing those effected by the Gulf of Mexico Oil Spill claim funds.

There is a $20 billion fund that has been set up by BP, in which claims can be filed for. However, a lot of the lawyers representing people and businesses that feel as though they have been affected are not happy. Neither are state officials in the Gulf bordering states.

The two sides are not in agreement over the geographic boundaries, or who should be eligible for settlement claims. The Gulf Coast Claims Facility deducts any money given to a victim that came from BP in exchange for working to clean up the oil spill. Lawyers for possible claimants are not happy with this.

BP was originally handling the claims, but people complained about the slow process that they were using. BP has processed over 78,000 claims since June, and the Gulf Coast Claims Facility has received over 8,000 Claims since Monday.

If you would like to find out if you are eligible for a settlement claim, from the $20 billion fund, you can visit the website at www.GulfCoastClaimsFacility.com.

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