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Economic Damage Claims

Gulf Oil Spill Attorney

There are tens of thousands of individuals, families and businesses that suffered severe economic damage as a result of the BP oil spill. Damage to the fishing and shrimping industry, the hotels and resorts, restaurants, bars, and almost every industry in the area suffered a disastrous downturn, and many have been forced to close their doors. A BP claims attorney from the Amaro Law Firm can assist you to address this issue and it is much more likely that you will finally have justice and receive compensation for your losses.

Did you suffer economic damage from the BP oil spill?

Property owners also have experienced extensive economic damage, particularly owners of beachfront properties that once were prime properties find that they have plummeted in value. If you or your business has been impacted by the Gulf oil spill, the process of filing a claim has changed. As of March 12, 2012, the GCCF is no longer processing claims. This is an improvement, as countless people had their claim denied and could not make any headway, no matter how valid their claim. The new process involves filing a claim in court, and is being supervised by Federal Judge Carl Barbier and a team of attorneys. Currently, there is $7.8 billion in the fund to pay claims, and there is no cap on what BP may be forced to pay later, should this amount be inadequate.

The new system should allow for settlements to be achieved much more quickly, and at a more equitable level. The earlier system was not only slow, when a settlement was offered it was most often extremely low, considering the actual financial damages that were incurred. You now have the opportunity to get your situation addressed with the hope that your claim will be resolved within a short period of time, and at a level that you can live with.

Contact a BP claims attorney from our firm without delay if you suffered economic damages due to the effects of the BP oil spill.