How long does it take for a check to clear after settlement?

The process for managing the financial responsibilities associated with verifying a legal agreement can take anywhere from one to six weeks. Regardless of whether you receive a settlement check from an insurance company or the other party, your legal advisor receives the check to cover the liens, as well as to pay for court costs and legal fees. If your attorney represented you on a contingency fee basis, a percentage of the settlement check will go toward your attorney's payment. After accounting for the fees and liens, you should receive the balance of the value of your settlement check.

When the other party's insurance company accepts a settlement, you will receive a check approximately three weeks after all of the settlement documents are submitted. This means that the other party has basically accepted responsibility for the cause of your injuries and there's nothing left to discuss. However, the defendant in a court case has the right to file an appeal. If the party to your lawsuit exercises this right, you may have to wait an additional year or two to receive the funds from your settlement if you succeed a second time. It's not uncommon for the receipt of the settlement check to take several days or weeks, especially if there are complications or additional procedures involved.

Your attorney will keep you informed about the status of your agreement and provide you with an estimated schedule in which you can expect to receive your funds.