The information needed to screen a claim for eligibility is simple. In addition to the location and type of business, the company’s gross monthly revenues from 2007 through 2011 should be analyzed. Using the attached trend sheet, Christopher Ligori & Associates can screen your claim for eligibility free of charge.
No one should decide they are not eligible on their own. The settlement agreement is 1,033 pages long in its entirety and has a lot of moving parts. There are 18 different accounting algorithms analyzed to determine if a business qualifies.
Even if your revenues did not plunge in 2010, your business could still qualify for benefits under the settlement. That is because eligibility is not determined based upon annual revenues but, rather, monthly revenues. The most common way for a business to qualify is to meet what is called the “V-trend” analysis. That is, the business must have experienced a certain percentage of decline in gross monthly revenues for any three consecutive months between May and December of 2010, as compared with those same three months in 2007, 2008 and/or 2009, and a certain percentage of rebound for those same three months in 2011. However, the “V-trend” is not the only way to qualify, and business owners should get professional advice on their eligibility due to the many opportunities available under the settlement. Also, even if the initial eligible loss is very minor, since the settlement accounts for stunted growth, a business could still qualify for tens of thousands of dollars in benefits.