Collecting A Claim From The GCCF Is Not As Difficult As It Seems
- By Jason Bacot
- Published 10/27/2011
- Legal
- Unrated
More and more people each day are becoming discouraged because their BP claim was denied by the Gulf Coast Claims Facility (GCCF). The fact of the matter is, if you do not give them what they are looking for, your claim will be rejected 100% of the time.
Yes, the GCCF has more rules and regulations than Planters has peanuts. Are all of the guidelines necessary, probably not? But, if you do not follow them to the letter, once again, you can be absolutely sure that your BP claim will be denied.
Almost every day you will hear somebody that filled a claim, say "That my claim was denied, despite the fact that I gave them everything that the Gulf Coast Claims Facility (GCCF) requested." Are you sure you did, because if so, your claim must be accepted and approved, because it is the law.
The problem with only supplying BP with the minimal amount of documents, is that you are not painting a picture for them. Just imagine what is happening with your claim. BP already has received 10,000's of them, and the first time they are looked at, it is done in a very rapid manner.
They are just checking to see if you have all of your paperwork, and that it is filled in correctly. Next, they are trying to understand your business model, and exactly why you lost the money that you did. This is where the "Painting a Picture" comes in, and why it i
s so important.
These reviewers must be able to quickly and simply understand your business, and appreciate why you lost the money you did, and why you are continuing to lose money. To do this, not only do you have to have an extremely detailed business plan explaining your entire operation.
You also must included some kind of future financial projections that are done according to Generally Accepted Accounting Principles (GAAP) based on past customers, other agreements, or contracts that you have entered into. After all of that is completed, you should then sit down and try to think of anything else that you can provide that will help get your claim approved.
Virtually everybody that will read this article, who has had their claim denied by the Gulf Coast Claims Facility (GCCF), will not have done everything mentioned above. After all, the people that are approving or rejecting the claims are not mind readers, they require as much help from you as possible, explaining why your claim should be accepted and later paid.
So, if your BP claim was denied by the Gulf Coast Claims Facility (GCCF), and you did not "Paint them a Picture", you now should fully understand why you have not received the funds that you are entitled to. If you feel that you need professional assistance compiling and documenting everything that you need to, there are many highly experienced attorneys that you can find on the internet, who will help you with your paperwork.
Yes, the GCCF has more rules and regulations than Planters has peanuts. Are all of the guidelines necessary, probably not? But, if you do not follow them to the letter, once again, you can be absolutely sure that your BP claim will be denied.
Almost every day you will hear somebody that filled a claim, say "That my claim was denied, despite the fact that I gave them everything that the Gulf Coast Claims Facility (GCCF) requested." Are you sure you did, because if so, your claim must be accepted and approved, because it is the law.
The problem with only supplying BP with the minimal amount of documents, is that you are not painting a picture for them. Just imagine what is happening with your claim. BP already has received 10,000's of them, and the first time they are looked at, it is done in a very rapid manner.
They are just checking to see if you have all of your paperwork, and that it is filled in correctly. Next, they are trying to understand your business model, and exactly why you lost the money that you did. This is where the "Painting a Picture" comes in, and why it i
These reviewers must be able to quickly and simply understand your business, and appreciate why you lost the money you did, and why you are continuing to lose money. To do this, not only do you have to have an extremely detailed business plan explaining your entire operation.
You also must included some kind of future financial projections that are done according to Generally Accepted Accounting Principles (GAAP) based on past customers, other agreements, or contracts that you have entered into. After all of that is completed, you should then sit down and try to think of anything else that you can provide that will help get your claim approved.
Virtually everybody that will read this article, who has had their claim denied by the Gulf Coast Claims Facility (GCCF), will not have done everything mentioned above. After all, the people that are approving or rejecting the claims are not mind readers, they require as much help from you as possible, explaining why your claim should be accepted and later paid.
So, if your BP claim was denied by the Gulf Coast Claims Facility (GCCF), and you did not "Paint them a Picture", you now should fully understand why you have not received the funds that you are entitled to. If you feel that you need professional assistance compiling and documenting everything that you need to, there are many highly experienced attorneys that you can find on the internet, who will help you with your paperwork.
Jason Bacot
It's about time you get the correct information on your BP Claims, especially if they were Denied BP Claims. And if they were denied, I highly suggest you get some legal help and check us out online at BPClaims.com immediately.
View all articles by Jason Bacot