The Deepwater Horizon Settlement Program, agreed to by BP and supervised by the Federal Court as a result of the 2010 oil spill, has hit the one year mark regarding the amount of time business owners have left in which to file their claim. While many businesses are utilizing their opportunities to receive economic recovery, thousands of businesses and organizations simply remain unaware of their eligibility to participate in the Program. Businesses in almost every sector qualify, including non-profits and religious establishments.
Religious establishments are likely one of the most underrepresented claimants in the process, as it remains unknown to the majority that they qualify, and, because BP is not required to inform those who do qualify that they may in fact have a valid claim.
While many assume they could or should not receive funds, it is important to note that those who did not suffer direct or indirect economic losses will not receive recovery. The Program includes a set of highly specific and objective guidelines that will determine if a business or organization was affected by the trickle-down economics of the 2010 oil spill.
As we have discussed in previous blogs, the Program is uncapped, and BP will pay out every valid claim.
The religious organizations that have pursued a claim are using the funds for philanthropic purposes, marketing, additional church programs, scholarships, and community outreach. Religious establishments include, but are not limited to, churches, temples, educational institutions, and charities and philanthropic establishments. What will your religious congregation use the stimulus for? It’s always worth the look to see if you are eligible.
ERG is a statewide law firm representing hundreds of businesses throughout Florida with their BP claim. Our team of certified and experienced attorneys and financial professionals are ready and able to assist you today. For more information, contact [email protected]