BP Oil Spill Claims and Non-Profit Organizations

British Petroleum (BP) has recently suffered a series of setbacks in court when first one appeal and then another was denied by the Fifth Circuit Court. BP has been in legal hot water ever since BP’s Deepwater Horizon oil rig exploded in the Gulf of Mexico in April 2010. The incident caused millions of gallons of oil to spill into the water, affecting the environment as well as thousands of businesses and individuals in the coastal areas of 5 surrounding states.

The oil giant had attempted to reverse claims made by non-profit organizations to the settlement program put up by BP to avoid individual lawsuits. BP alleges some non-profits that received compensation were not directly affected by the oil spill. The administrator, BP argued, “misunderstood” the terms of the settlement program, and should be replaced. Judge Carl Barbier was not impressed by the arguments and denied the motion.

According to the website of law firm Williams Kherkher, non-profit organizations have been in the forefront of the cleanup and rehabilitation operations in the wake of the BP oil spill. They were obliged to expend considerable resources to do the work, and at the same time experienced a downturn in incoming funds partly because local donors had their own money problems. Many non-profit organizations faced imminent cessation of operations directly and indirectly because of the oil spill, and this makes them eligible to make a claim.

This is the crux of the matter when it comes to BP oil spill claims and non-profits. As the website of BP claim appeal lawyer at Williams Kherkher outlines: even if they were not directly affected by the disaster, if they can demonstrate a deficit occurred after the spill compared to before the spill, they can make a claim. If you represent a non-profit organization and would like to make a claim, it would be advisable to consult with a competent BP oil spill lawyer at the earliest possible opportunity.

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The Truth about Chapter 7 Bankruptcy

Bankruptcy for a lot of people is a dirty word. A bankrupt is someone who is lazy, opportunistic, and financially irresponsible. A bankrupt is someone who wants to avoid paying the piper.

The reality is bankruptcy law is a piece of protective legislation. According to the website of Bradford Law Offices, PLLC, it is designed to be the last resort for people who have lost the capacity to pay their debts because of illness of the individual or family member, serious injury, loss of employment, or other overwhelming circumstances not under their control that can hit even the most diligent, honorable, and financially responsible person. This is a scenario that is unfortunately all too familiar to a lot of people, especially in the last decade.

Filing for Chapter 7 bankruptcy in particular is a decision that is not to be taken on a whim. It will help an individual burdened by unpayable debt despite good faith efforts to discharge them and give them a fresh start, but it will also require liquidating all assets (with some exemptions, depending on the state) accumulated so far. That can be devastating for most people. And it is not easy to qualify for it either.

To discourage deadbeats from exploiting the law, Chapter 7 bankruptcy typically requires that the applicant pass a means test, which will determine if there are grounds to grant legal protection to an individual from creditors. A successful applicant will take a hit on their credit score and also be barred from filing again within 7 years, so if the financial situation is not so dire, Chapter 7 may not be the right solution to your problems.

It is not easy to make the right decision when it comes to bankruptcy. It would be advisable to consult with a bankruptcy lawyer in your state to help you decide if filing for Chapter 7 bankruptcy is your best option at this point.

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