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Jane T (LLC)
Jane T (LLC), Lawyer (JD)
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what is the average wait period to recieve your money after

Resolved Question:

what is the average wait period to recieve your money after after a settelment has been reached?
Submitted: 8 years ago.
Category: Legal
Expert:  Jane T (LLC) replied 8 years ago.



It will depend on many factors, there is no one "average" period. Some settlements must first be court approved, which will then mean that the court's schedule may interfere. Some settlements are paid out over time instead of all at once, and some settlements include exact dates and times when payments are required to be made, so the settlement agreement itself can stipulate when payment must be received. Parties should assure they have attorneys review their settlement agreements (if not already prepared by their attorneys mutually) so that they can be certain they are aware of what the settlement agreement requires.


If an attorney will not return calls to clarify, then a client may contact the IL Attorney Registration & Disciplinary Commission here to seek assistance from the state's supreme court disciplinary commission which regulates attorney conduct.





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