Panama City – BP oil spill victims can still file compensation claims over April 2010 Deepwater Horizon oil spill as the deadline to submit the claims has been extended to June 11 from May 7. People who suffered economic losses because of the oil spill disaster can apply for the compensation via the Quick Payment Program.
Until recently, the claims for compensation were being handled by a $20 billion fund, known as Gulf Coast Claims Facility (GCCF), established by oil giant BP. The facility, which was administered by Mr. Kenneth Feinberg, stopped functioning as it was replaced by a court supervised system as part of a settlement agreement between private oil spill plaintiffs and BP.
Businesses suffered losses because of the Gulf oil spill can get $25000, whereas individual victims can get $5000 by the Quick Payment program. Those receive a quick pay are not eligible to make additional claims other than death or personal injury claims.
