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Assuming there are no further appeals, class members generally receive payment about six to nine months after a settlement agreement is submitted to the court for preliminary approval, says Stuart Ross man, director of litigation at the National Consumer Law Center.
If your settlement documents do not state a time for payment, it typically takes 1 to 2 weeks for a settlement check to come.
The average amount of time to receive a settlement check after a release is signed is about five to six weeks. However, several factors can delay this process from the specific process at your insurance company to debts and payments that may hold up your payment.
An attorney may normally hold a settlement check until it clears, which frequently means 7-10 business days. If the attorney is attempting to negotiate on outstanding medical bills or liens, it may take a little longer for the settlement check
Usually, a settlement check is sent to the attorney of record. The attorney may hold the check in a trust or escrow account until it clears. This may take several days, especially if it is a large check.
How long does it take to get money from a settlement? On average, the typical settlement can take up to six weeks for processing. This is due to a number of factors and may vary from one case to another.
You should expect to see a check sometime between 2 weeks and 2 months after the settlement amount is agreed to. In my experience Nationwide is usually on the quicker side of that.
As we mentioned before, most injured victims receive their settlement funds within about six weeks from the end of negotiations.
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