Due to the cease of operations under the old GCCF, the new court-supervised facility has taken over to improve the system in filing for BP oil claims. Under the new and improved system established by the government itself, there is an estimated $7.8 billion that is set aside only for the purpose of paying those victims of the oil spill no matter what entity they are. The filing of the BP claim are now more transparent and must be supervised by the federal court itself before the final approval. This new system is believed to be more fair and faster as far as payments is concerned.
With regards to the bp claims status of the old cases filed against the old GCCF, they may re-submit through the new system. However, they do not need to gather the same documents. Those documents that were submitted to the old GCCF may be retrieved and be reviewed by the new court-supervised system. There are also institutions or firms that can be of service to those who want to get compensation the fast and more convenient way. So if you wish to get your gulf coast claims and be settled quicker than before, now is the time not to wait long anymore.