After involvement in a serious accident or a negligent act, it is understandable to seek a timely settlement. Your prolonged recovery time may mean that you want the settlement check as soon as possible.
While the time for settlement negotiation varies depending on the circumstances of the case, once you reach a settlement, you should expect the check-in to be approximately six weeks.
You need to understand that there are exceptions to this rule.
This means that delays can sometimes occur. You can engage Darryl “The Hammer” Isaacs to walk you through the general process for receiving your personal injury settlement check. Isaacs will explain the steps involved in this process from start to finish.
What Steps are Involved in Receiving Personal Injury Settlement Check?
If you become a victim of a negligent accident, you will probably suffer significant expenses. Financial compensation via a personal injury settlement is a way of helping your recovery and live a productive life.
For a free legal consultation, call 800-333-9999
The process of obtaining a settlement check entails the following steps:
- Signing a release– You will have to sign a release form indicating that you will not take further action against the at-fault parties to pursue additional damages following the incident.
- Processing the release– After you have signed the release, it is the duty of the negligent party to process it and issue the settlement check.
- Depositing the check– Your personal injury lawyer will deposit the check into an escrow or special trust account. Once your check clears, your lawyer will distribute the settlement money accordingly.
- Deducting legal fees and paying you– Most personal injury lawyers work on a contingency fee basis. This means that you will not pay anything upfront. Instead, the contingency fee is calculated from the gross amount of the settlement proceeds or jury verdict at the end of the case. Any monies advanced for court costs, and other case expenses are deducted from the Client’s share of the proceeds following the deduction of the contingency fee. Once your attorney pays off these costs, you will receive your settlement money.
If you find yourself in this situation and would like to discuss your legal options with a reputable personal injury lawyer, contact Darryl “The Hammer” Isaacs.
Call or text 800-333-9999 or complete a Free Case Evaluation form