When is the deadline to file a BP claim?

Deadline to file BP claimThe deadline for filing a claim under BP’s Economic and Property Damages Settlement is April 22, 2014, which includes claims for business economic loss and individual economic loss.

The total claims are starting to pick up. The administrator of claims, Patrick Juneau, has received 194,800 claims total and paid out roughly a quarter of them so far, with offers of compensation totaling $3.86 billion.  The following article gives a good summary of the status of claims:

The Guardian- BP compensation fund for Gulf oil spill victims at risk of running out of cash in the compensation fund set up for victims of the Deepwater Horizon disaster…

The biggest dispute right now is that BP is challenging calculations for business economic losses, which totals roughly $2 billion of the eligible claims.

BP had set aside roughly $8 billion for the settlement, but there is no cap under the settlement, which presumably is why BP is fighting to change the terms of the settlement since this amount will likely be exceeded.

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