B.P. Economic Claim Settlement Payments Continue To Be Delayed Says Legal-Bay - Lawsuit Funding Firm expects large increase in business capital financing as B.P. continues to appeal countless claims submitted to the B.P. Claim Center.
NEW ORLEANS, June 11, 2013 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they are prepared to assist thousands of businesses waiting for their B.P. Settlement check in the upcoming summer months as the B.P. Claim Center continues to make slow payments to victims in Texas, Louisiana, Mississippi, Alabama, and Florida. The reason for the delay in making payments to the business owners is due to British Petroleum's new stance to virtually appeal any B.P. settlement amounts over $50K. This has caused the Claim Center to ensure that the claims are done correctly and has ultimately delayed payments as the appeals process "runs its course".
"In speaking with our attorneys involved with B.P. they have seen very few cases get paid to this point. It is causing many of our attorneys and CPA firms to seek attorney funding with us; but more importantly they have no gauge to tell their clients when they will be paid. The bottom line is B.P. is not happy with the settlement terms that it signed and it seems they are doing everything in their power to not make timely payments, from filing additional legal motions and appealing claims simply for the sake of doing so," said Chris Janish, CEO of Legal-Bay. Legal-Bay says a recent review of claims indicate that only 10% of claims that were expected to be paid by June 1st have actually been paid.
Legal-Bay has been a leader in B.P. claim funding, whether it be directly for the CPA or Law Firm who needs additional capital to deal with the influx of B.P. business that has been presented to them, referred to as an attorney funding or attorney loan; as well as providing B.P. Settlement Loans or B.P. Cash advances for business owners who need cash as they wait for their ultimate settlement check from B.P.
If you are in need of capital or cash flow for your business and have a valid B.P. claim submitted to the B.P. Claim center, feel free to apply online for a free quote at: http://www.lawsuitssettlementfunding.com or by calling toll free at 877.571.0405 where live agents are always available to answer your questions.
Contact: Chris Janish, CEO
Ph. 877.571.0405 Email: info@Legal-bay.com
SOURCE Legal-Bay LLC