How Long Does it Take to Get A Personal Injury Settlement Check in Phoenix?
May 27, 2023 | Personal Injury
Settlement agreements are a common part of personal injury cases, including those involving truck, motorcycle, or car accidents, slip and falls, and other cases. Personal injury lawyers in Phoenix, Arizona, understand that one of the most common questions clients have is how long it will take for them to receive their settlement check.
The answer is not always straightforward, as there are several steps involved in settling a personal injury lawsuit, negotiating any outstanding medical liens, and deducting legal fees before payment can be made to the client. However, in most cases, clients can expect to receive their settlement funds within 30-60 days after the settlement has been reached.
Settling the Personal Injury Lawsuit
The first step in obtaining a settlement check is to settle the personal injury lawsuit. Once the case has been settled and all parties have agreed to the terms, the settlement agreement is signed by both parties. It is important to make sure that the agreement contains clear language regarding the amount of the settlement and how the funds will be distributed.
Distribution of Settlement Funds
After the settlement agreement has been signed, the next step is to distribute the settlement funds. If the settlement agreement is with an insurance company, Arizona Law provides the insurer 15 days to release a settlement check after accepting a claim. If they fail to abide by this timeline, they may be engaging in bad-faith insurance practices.
In most other cases, the settlement funds will be distributed to the client within 30-60 days after the settlement has been reached. However, this timeline can vary depending on the complexity of the case and the specific details of the settlement agreement.
Before the settlement funds are distributed, any legal fees and expenses associated with the case must be deducted. This can include attorney fees, court costs, and other expenses related to the litigation of the case. Typically, these fees will be deducted from the settlement funds before they are distributed to the client.
Negotiating and Resolving Medical Liens
In some cases, there may be outstanding medical liens that need to be negotiated and resolved before the settlement funds can be distributed. A medical lien is a claim against the settlement funds made by a medical provider who has provided treatment to the client. While negotiating and resolving liens can take some time, it is important to make sure that any outstanding medical bills are paid in full before the settlement funds are distributed.
Receiving the Settlement Check
Once all legal fees and any outstanding medical liens have been deducted from the settlement amount, the final settlement check will be issued to the client. The timeline for receiving the settlement check can vary depending on the specific terms of the settlement agreement. However, in most cases, clients can expect to receive their settlement funds within 30-60 days after the settlement has been reached (or 15 days after settling a claim with an insurance company).
Contact an Experienced Phoenix Personal Injury Lawyer for Help With Your Claim
It is important to work with an experienced personal injury lawyer who can help guide you through the process and ensure that your settlement agreement is fair and equitable. By understanding the steps involved in settling a personal injury lawsuit and negotiating any outstanding medical liens, you can help ensure that you receive the full amount of compensation you are entitled to under the law.
Curiel & Runion Personal Injury Lawyers
5151 E Broadway Blvd. Suite 1600
Tucson, AZ 85711