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What information is needed to determine if my business qualifies for BP oil spill benefits?
Go to 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, Chris Ligori & Associates can screen your claim for eligibility free of charge. No one should decide they…
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What types of businesses are eligible to recover under the BP oil spill settlement?
Go to 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…
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What geographic areas are covered by the BP oil spill settlement?
Go to What geographic areas are covered by the BP oil spill settlement?All Florida counties bordering the Gulf of Mexico, from the Panhandle down to the Keys, the entire states of Alabama, Mississippi, and Louisiana, and some counties in Texas as shown on the map below. As a condition to receiving settlement benefits, the business must have leased or owned real property in a zoned county at…
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The BP Deepwater Horizon Class Action Settlement: Perception is Reality
Go to The BP Deepwater Horizon Class Action Settlement: Perception is RealityMany Floridians are scratching their heads wondering how and why businesses from the Panhandle all the way down to the Keys can recover under the recent BP Deepwater Horizon class action settlement. There was no oil on Tampa Bay beaches—and certainly not as far south as Naples and beyond. Some people worry it is just…
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Location, location, location!
Go to Location, location, location!There are 3 very easy steps we use to determine a business’s eligibility under the BP oil spill class action settlement: 1) location; 2) type of business; and 3) financial criteria. The subject of today’s blog is the first step—location. As they say in real estate: It’s all about location, location, location! Did your business…
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BP is NOT saying, “So sue me!” If you qualify, BP pays.
Go to BP is NOT saying, “So sue me!” If you qualify, BP pays.Unlike many civil defendants, BP has agreed to pay qualifying businesses within the zoned areas without the need for litigation. So if your business meets some basic criteria, BP pays your claim. You will not be required to be a named plaintiff in a lawsuit, nor engage in discovery and depositions. It is merely a matter of…
