BP Required To Keep Its Promises

“The best way to keep one’s word is not to give it.” ~Napoleon Bonaparte Earlier this month, BP sought to stop payments for certain claims under the class action settlement.  There have been several attempts by BP to narrow the Claim Administrator’s application of the settlement terms and significantly reduce claim payments.  Once again, the … Read more

A Deal’s a Deal

Now that so many Gulf Coast businesses have taken BP up on its offer of compensation through last year’s class action settlement, BP is having second thoughts.  This week there will be a hearing where BP seeks an injunction in the corporation’s third attempt to stop claims being paid according the deal BP made. Never … Read more

Could I still be eligible for BP oil spill recovery if my business did not begin until 2009 or 2010?

Yes.  If a business did not begin until 2009, or even 2010, it could still qualify as a start up.  The business must have begun on or prior to the date the spill began, April 20, 2010.  Eligibility will be determined using gross monthly revenues from the time of start up through April of 2012, … Read more

What information is needed to determine if my business qualifies for BP oil spill benefits?

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 … Read more

What types of businesses are eligible to recover under the BP oil spill settlement?

The scope of the BP settlement is staggeringly broad.  Not only is the geographical area covered by the terms of the settlement enormous, but almost any type of business could be eligible to recover.  Under the settlement, a qualifying “business” includes claims for corporations, partnerships, and business income reported on 1040 Schedules C, E or … Read more