This is one of the first thoughts that comes to mind after settling your injury case, but the answer depends on several factors and can vary widely depending on the defendant’s insurance company. Some of variables involved in the timing of settlement payments include:
~Terms of the defendant’s insurance policy and the company’s internal processing protocols
~Type of injury case
~Timing and terms of release forms (a mutually agreeable release may take time to negotiate and draft)
~Other potential delays like paying any liens you may owe, medical bills, and attorneys’ fees (often the check will remain in your lawyer’s trust account for several days)
There are some things you can do to help speed up the settlement process. Once you are close to settling, your attorney may start drafting a release in preparation for settlement. Also, you can provide statements and information about any amounts you may owe for medical bills or other obligations like child support and taxes and ask that your attorney provide you with a partial distribution and hold some in their trust account to pay those obligations.
Please contact AJ Law Practice for a consultation to discuss your injury claim and the settlement process.