How to Track Your Settlement Check

Once your civil lawsuit or personal injury claim has been resolved, you may feel immediate relief, especially when you receive a fair settlement. However, the period while you wait for your settlement check to come in could be a difficult time. If you are hoping to track your legal settlement payout, understanding what happens after your lawsuit has been resolved is instrumental.

Your personal injury attorney will ensure you are not left in the dark regarding your entire settlement check. While you wait for your funds to come in, you do not need to continue to struggle with your finances, daily living expenses, and medical bills. High Rise Financial can help you obtain a portion of your settlement in advance so you can find financial relief.

What Is a Settlement?

A settlement is a formal agreement that is made after a civil or personal injury claim. Here, both parties have reached an agreement, typically involving the liable party or responsible entity compensating the plaintiff for their damages. Settlement can be from insurance companies or liable parties directly.

While you wait, you can access an advance on your settlement with a pre-settlement loan.

To apply for free, call (877) 735-0016

To apply for free, call (877) 735-0016

How Long does It Take for a Settlement Check to Come In?

The time frame you can expect it to take for your settlement check to come in will be based on multiple factors. For example, your settlement agreement, how long it takes to negotiate with the insurance provider, the settlement process, and whether multiple parties share blame for your damages are just a few examples. Other factors could include:

• The circumstances of your case – The type of accident or incident that provoked your injuries or damages, the complexity of your case, multiple parties sharing culpability, confusing or misleading evidence, and a comprehensive investigative process could all contribute to how long it might take before you reach a settlement agreement.

• Documents and claim processing – After filing a claim with the insurance company, the insurance adjuster will need to conduct their own investigation. They may want to review the settlement documents and settlement terms. Throughout the process, they may delay the processing time of your claim to tempt you into settling for substantially less than your claim is worth, which could result in your settlement being delayed until negotiations are finalized and an agreement is reached.

• Sharing fault– Do not be surprised if you are accused of sharing the blame for your damages. Depending on your state’s laws, your settlement could be reduced based on your percentage of blame, and the at-fault party will likely attempt to capitalize on these laws to reduce their financial losses.

When Is a Settlement Check Issued?

Settlement checks are issued once the legal matter has been resolved. Generally, victims will be required to prove the defendant’s negligence or liability based on a preponderance of the evidence. They will also be required to prove the value of their damages accordingly.

Once the jury has determined how much the defendant should compensate the injury victim, or once an agreement has been reached between both parties, the court will determine how long the defendant has to write the settlement check. Despite the fact that the court case or insurance claim may have been resolved, the settlement is not final until the victim’s attorney receives the settlement payout and the check clears in the bank.

However, you may run into issues if the defendant does not have the funds required to compensate you for your damages. You may need to agree to accept a payment plan if you hope to start receiving your funds sooner. You may also find yourself dealing with procedural issues, document errors, and government bureaucracy before you can access your settlement funds.

How the Settlement Check Process Works

Once an agreement has been reached or the court has issued an order of settlement, the defendant will be required to submit the settlement check within 60 days of the order. However, it is not uncommon for defendants to wait the maximum amount of time possible before sending their personal injury settlement checks. You will need to be prepared to sign a release form that details the terms and conditions of your settlement agreement and releases the defendant from any further liability for your damages.

Whether you are receiving your check from the insurance company or the defendant themselves, there could be processing delays. There may also be specific deadlines in place, depending on where you live, that require a defendant to send a structured settlement check within a certain amount of time after they have received your signed release form. In some states, interest may be added to your settlement amount from the date the defendant receives your release form.

This way, the defendant is encouraged to compensate you sooner rather than later. Once the release form is received, the defendant’s attorney or insurance company will send a check to your legal counsel for processing. Your experienced lawyer will then be responsible for distributing your settlement funds as needed and taking the necessary legal action.

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How Your Lawyer Distributes Settlement Funds

After the defendant has sent your structured payments to your attorney, your personal injury lawyer or law firm will be responsible for putting the settlement funds into an escrow account. This ensures the insurance company has enough money to cover the total value of your personal injury settlement payment. It is also commonly referred to as “waiting for the check to clear.”

Once your settlement funds have cleared, your attorney can then use the money to cover outstanding liens, including medical expenses, future expenses, outstanding bills, and other financial obligations. Your lawyer will then receive their contingency agreement, pay back your pre-settlement loan, and send the remaining balance to you in the form of a check or via direct deposit.

Potential Delays Before Receiving a Settlement Check

Furthermore, insurers, medical providers, and other legal obligations often affect the timelines for receiving settlement checks. Hence, it is not uncommon for plaintiffs to find themselves dealing with delays associated with their settlement checks. Other potential issues that could have an impact on whether your settlement payout is delayed include:

• The settlement involving a minor.

• A dispute involving your signed release form or legal documents.

• The settlement involving an estate

• Issues regarding the signing of your release form to prevent future liability.

• The insurance company issuing the check operates in a different state.

• You are dealing with any liens held by medical providers.

• Your lawyer or legal team is renegotiating the amount of your medical liens.

• Insurance companies failing to forward necessary documents for approval

Tracking Your Settlement Check

One of the best ways to track your settlement check is by reaching out to your personal injury attorney for help. Your attorney will be the middleman between the defendant and your settlement funds. Since your lawyer is responsible for the dispersal of your settlement funds, it is important to maintain contact with your attorney.

To track the status of your personal injury settlement check, you must begin by determining how long the defendant has to provide you with the release form and submit the necessary paperwork. From there, it is only a matter of time before your attorney covers outstanding debts and gets you the money you are entitled to.

Even if your settlement check is still pending, there’s a helpful option worth considering: a lawsuit loan. This type of pre-settlement funding allows you to access a portion of your expected compensation—so you don’t have to wait to pay bills, medical costs, or everyday expenses in the meantime. To explore this option and see if you qualify, visit High Rise’s detailed guide on lawsuit loans.

Turn to High Rise Financial to Apply for Lawsuit Settlement Loan

If you remain proactive in pursuing justice and tracking your settlement, you could be a short time away from financial relief. However, when you are tired of waiting for your settlement money to come in or have been dealing with emotional distress, financial burden, and unnecessary delays, getting pre-settlement funding may be right for you. 

Do not hesitate to contact our loan specialists at High Rise Financial to discuss your options for pre-settlement legal funding and how much cash advance you can get. If you are approved, your lawsuit cash advance will be available within 1-2 business days.

Call or text (877) 735-0016 or fill out our form to apply today for free.

Call or text (877) 735-0016 or fill out our form to apply today for free.