When you are involved in a car accident, it’s natural to want to find out the extent of your injuries and collect as much money as possible to help them heal. Unfortunately, this can be a difficult process. You may have to go through complex legal procedures, and you may not even know where to start. In this blog article, we will explore the various steps involved in settling a car accident lawsuit and how long your lawyer is allowed to hold the settlement check. We will also provide tips on how you can make sure the money is properly distributed after your case is settled.
What is a Settlement Check?
A settlement check is a check that is given to a client as part of their settlement in a lawsuit. The lawyer who represents the client in the lawsuit is allowed to hold the settlement check for a certain amount of time. This time limit depends on the attorney’s jurisdiction and may be different for each type of case.
When is the Settlement Check Issued?
When is the Settlement Check Issued?
The settlement check is typically issued within 10-14 days of the settlement agreement being finalized. The bank may delay issuing the check if there are any outstanding issues with the claim or lawsuit.
When Can I Request the Release of My Settlement Check?
If you have reached a settlement with the other party, your lawyer is allowed to hold the check for 10 days. After this time period has passed, your lawyer must release the funds to you.
What Happens if I Do Not Request the Release of My Settlement Check on Time?
If you do not request the release of your settlement check on time, your lawyer may hold the money for up to six weeks. After six weeks have passed, the lawyer must either release the money or turn it over to the court system.
Conclusion
Thank you for reading our article on how long a lawyer is allowed to hold the settlement check. In general, a lawyer is allowed to hold the settlement check for up to 60 days from the date of the final court order or judgment granting that particular party’s entitlement thereto. However, there are certain exceptions to this rule and it is always advisable to consult with an attorney if you have any doubts about your rights or obligations under the terms of a particular settlement agreement. We hope this information has been helpful.
