CPAs With Unpaid BP Claims? Cash Out Program Now Available!

date: 12/11/2014

RD Legal Funding, in conjunction with IT Strategies Group (creators of the Oil Claim Calculator), is offering CPAs with BP claims an opportunity to convert those still unpaid claims into cash through their BP Claim Cash Out program.

"This is the first solution of its kind," says Craig Sienema, Vice President of IT Strategies Group. "Previously, you had to sign protracted finance agreements with legal settlement firms and continue to service the BP claims at your expense." The only option on the table for claims preparers was to "keep their chips in the pot" and wait patiently.

With this program, RD Legal Funding can purchase an entire claim portfolio as long as those claims are filed through an attorney portal. The entire process, which includes evaluating and reviewing the claims, as well as wiring the proceeds, can take less than 30 days. "We are proud to offer this BP Claim cash-out option to our clients or to others that have simply given up hope and want to move on," says Sienema.

There are new requirements as part of Policy 495 that require recalculation of every single claim, adding a new element of challenge to the process. Some BP claims are reduced in size while others are deemed invalid. Furthermore, every claim now requires complex reconciliations of book-to-tax gross and net incomes before consideration of any deficiencies for Matching Criteria Tests and Matching Solutions.

Benefits of the BP Claim Cash Out program apply to:

  • Claims preparers who want to finally remove all the uncertainty pertaining to BP
     
  • CPAs whose core focus is accounting services other than BP and cannot afford to spend any more time on this complicated matter
     
  • Any firm not inclined to review claims under Policy 495


If you're ready to apply for our BP Cash Out Program, please fill out the quick form on this page.


For more information about the Oil Claim Calculator, visit http://www.oilclaimcalculator.com or call 954-271-1264.

For more information about RD Legal Funding and their post-settlement attorney funding solutions, visit http://www.legalfunding.com/solutions/fee_acceleration.cfm or call Joseph Genovesi at 201-568-9007, ext. 140.

*This is not an offer of funding and ITSG is not a finance company, nor does ITSG provide financial services.

The above is a press release distributed via PR Newswire.


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