BP Oil Spill Victims Benefit from Pre Settlement Loans

Ava Lawson | May 30th, 2013

Pre Settlement Funding for PlaintiffsAccording to a recent article in the New Orleans Times-Picayne, the Deepwater Horizon Claims Center has now paid out more than $2 billion to businesses and individuals who suffered financially following the BP oil spill of 2010. The Claims Center has been charged with presiding over the multibillion-dollar settlement between British Petroleum and private plaintiffs, and has sent offers tallying $3.06 billion to more than 160,000 eligible claimants as of May 6, 2013.

Businesses both small and large that were affected by the BP Gulf oil spill and have not made claims can still take action in an effort to recover compensation. Potential claimants must demonstrate income losses that were caused – either directly or indirectly – by the oil spill. The payouts are meant to compensate victims for both property and economic damages, and help cover loss of revenue and lost growth potential. Those who work in the fishing, shrimping and oyster industries, contractors, and developers, in addition to travel and tourism businesses, who can show a plunge in revenues in 2010 may pursue a claim against BP.

The Deepwater Horizon Claims Center is making headway with thousands of plaintiffs, but the litigation process is still going on almost three years after the disaster. Meanwhile, individuals and commercial enterprises that were impacted by this environmental catastrophe are still struggling to make ends meet as they wait for their claims to resolve. LawStreet Capital is proud to offer all residents of Florida, Mississippi, Texas, Louisiana, and Alabama a risk-free solution to their financial burdens in the form of pre settlement loans for plaintiffs. Known as a non-recourse loan, this type of funding is based solely on the predicted outcome of your claim.

With BP oil spill lawsuit loans, you only repay the cash advance after you receive your settlement. And if, for some reason, your claim is unsuccessful and no damages are paid, the pre settlement cash advance is yours to keep.

Take advantage of pre settlement funding for plaintiffs

Whether you’ve already filed a claim against BP, or you’re considering doing so, BP oil spill lawsuit loans offer leverage and financial freedom. You’ll no longer have to worry about attorney costs, mortgage or rent. You can use the cash advance wherever it’s needed most: to help make payroll for your business; make up for lost profits, repair property damage; or simply cover daily living expenses.

At present, the Deepwater Claims Center is settling claims with the following private and commercial parties who sustained economic losses from the BP oil disaster:

  • Fishing, Shrimping and Oyster industries
  • Travel or tourism-related businesses
  • General contractors, developers and tradesmen
  • Property owners and landlords
  • Recreational fishing businesses
  • Professionals
  • Non-profit organizations and charities
  • Environmental groups
  • Dock and marina owners 

In light of the scope and complexity of the claims involving the BP oil spill in the Gulf, pre settlement loans may be the smartest option for those in need of monetary assistance. Litigation takes time and lots of money, but with legal funding from LawStreet Capital you can rest assured that your business will stay afloat during these challenging times. Depending on your claim, you may be advanced anywhere from $500 to $500,000 to better manage the consequences of your lost revenue, diminished earning capacity and property damage while you wait for your just compensation. 

BP oil spill lawsuit loans help you bridge the gap

To learn more about how lawsuit loans can help you, please complete the submission form on the right of the screen, or call our toll-free number to start your free application. LawStreet Capital offers the industry’s most competitive interest rates and there is never any credit check or employment verification. Call toll-free at 1-866-FUND-662.