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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 all things go according to plan, you should receive your check within six weeks. However, hiccups that slow down the process can occur. Be sure to contact your personal injury attorney if there is a delay in receiving your settlement check.
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
Your settlement check may already be in the mail. If you've hired a lawyer, it's common practice for the settlement check and a release form to be sent in one package to the lawyer's office.
If your settlement documents do not state a time for payment, it typically takes 1 to 2 weeks for a settlement check to come.
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.
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