How do I receive a settlement check?
Your check is part of a legally binding agreement. Each case is different, but there are certain key steps involved in receiving a settlement check. If both parties agree to a settlement agreement before trial, the lawyers will report the settlement to the court. Next, the court issues an Order of Settlement.
What happens after a settlement is reached in a civil case?
The settlement is not final until the plaintiff or the plaintiff’s attorney receives the check, and it clears. The defendant may lack the money to pay a judgment. The terms of the settlement typically remain confidential, as opposed to public trial results. Attorney’s fees and expenses may amount to less.
Will I receive a settlement check for my accident?
Many accidents result in significant injuries, expenses, and lost wages, so victims often feel anxious about when they can expect to receive a settlement check for financial losses. It is a relief when a lawsuit concludes and you finally receive a settlement check.
How do insurers issue settlement agreement checks?
Insurance companies have strict internal procedures for issuing checks. The company’s internal procedures control who will review your settlement agreement, make sure the release form is proper, legally protect the insured and the company, and then send the authorization to another department to cut and mail your check.