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BP Oil Spill Claims Final Update

Updated on April 16, 2012

BP Oil Spill Claims Final Update

Those of you who are waiting on a claim from BP may not have to wait much longer. The latest news from BP claims czar comes as a shocker to those involved. Ken Feinburg claims theres a faster way of getting paid. Those of you who have received a check already for emergency payment, will be the ones who will qualify. If you have been paid by BP then this option is for you. Individuals will receive $5,000 and Businesses will receive $25,000. This is and will be your final check and you give up your right to sue. That is right. By accepting this check from BP you are done. You will receive final payment.

Feinburg states this is a a faster option and people can get back to there lives. This option will help limit the number of lawsuits filed. There are other companies involved in this disaster as well. They are Transocean [RIG], HAL Halliburton, and [APC] Anadarko.

The faster payment option gives everybody who have already filed and been paid, a chance to get paid faster. This will help with the slow claims process. More than 166,000 people have filed claims , this includes Individuals and Businesses There have been $2.4 billion approved so far. All claims have been under $25,000.

BP has not announced yet which claims will be paid and which will be denied. Some employees of businesses have been paid, while the businesses have been denied.

If you would still like to sue BP they claim they will get you a lawyer. They know there will still be other lawsuits legitimate and some not to be filed. Some claimants are angry about this decision, while others are accepting the final payments.

You can also read my other related articles about BP.

BP Oil Spill and It's Effects along the Florida Coast

BP Oil Spill and It's Effects along the Florida Coast Update

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  • profile image

    Joy Dans 6 years ago

    This was a great article. Thanks for the update.

  • Rhonda Waits profile image
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    Rhonda Musch 6 years ago from The Emerald Coast

    Thank you Joy Dans for your comment. I am glad you liked my article.

  • profile image

    Elizabeth Jernigan 6 years ago

    Great article. BP just hasn't took this thing serious enough.

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Thank you Elizabeth for your comment. I guess you said what I couldn't. Thanks.

  • profile image

    Eric Musch 6 years ago

    Wow great hub. Thanks

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Thanks Eric for your comment. I am glad you liked my hub.

  • profile image

    Gail Minor 6 years ago

    Great article about BP. I do feel they have not done enough at this point.

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Thank you Gail for your comment. I agree they could do more.

  • ahorseback profile image

    ahorseback 6 years ago

    My step son just returned to Maine from Florida , he has worked on the cleanup since the beginning , 70 +hours and 7 days a week. Im a little diappointed in the stories of clean up contract abuse. Of the lack of real effort on many peoples and companies parts in honesty ,integrety and effort. It seems that the first thing that happens is people take advantage of the money aspect. Companies and people that never were affected , applying for benifit. This is a disaster loaded with fraud and waste . Typical of government waste and corporate and company as well as personal fraud. The few who are the most affected....to recieve the least in help. As in Hurricane Katrinas' after affects . Who knows though BP surely should pay through the nose . Good luck with any losses that you and yours has recieved.

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Thanks ahorseback thanks for your comment. I am sure your step son, has worked hard on the clean up. Florida was hit prety hard. There were cleanup crews in our area. As I stated in the hubs I wrote. There should have been more clean up crews working the beaches. Eric is a real estate agent and I work in the resort hospitality business. We did not and still don't have any work. Houses want sale or rent. People planned there vacations elsewhere. So yes it was and still is a disaster for some of us. I do believe that only the people affected personally should benefit. Thank you for your comment. Thanks for taking the time to stop by.

  • ahorseback profile image

    ahorseback 6 years ago

    Oh man , I wish you guys well with this , I know months ago I heard a fisherman say that , hurricanes can come and go , that he could always find fish to eat , but this would make a lot of people hungery.....No fish , no tourism , no money. Stay possitive and good luck.

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Thanks ahorseback for your comment. Yes it is true no fish, no tourism, equals no money. That is what we are facing here on the emerald coast. We are all trying to stay positive. Thanks so much for your comment.

  • profile image

    Lindsey Golden 6 years ago

    Wow. Great article. I hope BP comes through for all those who are and were affected, by this spill. Thanks for the article.

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Thanks Lindsey for your comment. We are all keeping our fingers crossed for BP to do the right thing. Thanks for your comment.

  • profile image

    Rachel Adams 6 years ago

    Thanks for the update. I had no idea about what to do. Thank you for writing this article.

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Thanks for your comment Rachel. I am glad that I could help. You are welcome. Please stop by again sometimes. Good luck to you on your claim.

  • profile image

    Dee/ Fla 6 years ago

    Is it true that Mr.Feinberg is not pleased with the final claim (the weavier for $5000), and is or going to take it up to $14,000 and those that already recieved the final claim will be able to recieve the remaining $9,000?

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Thanks Dee/Fla for your comment.

  • Bronson_Hub profile image

    Bronson_Hub 6 years ago from San Francisco, CA

    Was wondering what the final word on that was. Thanks for putting this out there. Thanks for putting out important information, I think that's a good lead :)

  • Rhonda Waits profile image
    Author

    Rhonda Musch 6 years ago from The Emerald Coast

    Hi Bronson thanks for your comment. I tried to give out as much information as possible. I think the final word is still up for debate. They haven't really said much lately.

    I will keep everyone updated as I learn.

  • Nicole S profile image

    Nicole S Hanson 5 years ago from Minnesota

    Ugh, I get upset just thinking about this again. It's important to remember it though, so we don't go through the same mistake again.

  • Rhonda Waits profile image
    Author

    Rhonda Musch 5 years ago from The Emerald Coast

    Hi Nicole thanks for your comment. I live on the Florida Coast and it hit our beaches down here, destroyed marine life and ruined the tourists revenue for awhile. That has been over two years ago almost. We will never forget this tragedy. Yes it is still upsetting when you think about it.

    Have a good day.

  • Jennifer Lynch profile image

    Jennifer Lynch 4 years ago from Stowmarket, Suffolk.

    It was a devastating disaster for businesses, individuals and wildlife. I hope you were compensated for your losses.

  • Rhonda Waits profile image
    Author

    Rhonda Musch 3 years ago from The Emerald Coast

    Hello Jennifer and yes it was and still is sad to think about. Thanks for stopping by my hubs..)

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