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Tracking Settlement Checks in Las Vegas - Las Vegas strip at night

Tracking Settlement Checks in Las Vegas: What You Should Know

Waiting for a settlement check can be frustrating, especially if your bills and expenses are stacking up, waiting to get paid. You are, understandably, anxious to move on with your life after weeks or even months of negotiations to get your case resolved. Why then is it taking so long before your check appears on the doorstep?

Unfortunately, you will not be issued a settlement check instantly. The process of receiving a payout can get complicated, potentially leaving you to do the detective work of finding out where and why the check is delayed. 

You should not have to struggle to receive your due. Our experienced attorneys could help to track your settlement check in Las Vegas and speed things along. Contact us for more information today.

What Is a Legal Settlement?

Most civil cases are resolved with an out-of-court settlement, according to the Bureau of Justice Statistics (BJS). Settling a case out of court is often faster, less expensive, and less stressful than going through the court system and trial. Settlements can happen at any time before or after court action has started. 

How Are Cases Settled?

A legal case typically begins with the wronged party’s complaint and demand letter outlining the facts of the case and a proposed settlement amount. The other party will then either:

  • Meet the demand and pay the proposed settlement

OR

  • Make a counteroffer

OR

  • Refuse the demand 

The case will settle once both parties agree on an amount for damages. If the parties cannot agree on a settlement, the wronged party can file suit. The case will then move through the court system. 

The Steps of Receiving Your Settlement Check in Las Vegas

Recovering your settlement money is a process that will go through several steps before you can hold the check in your hands. 

1. Signing the Release Form

The release form is perhaps the most important document required for recovering your settlement check. However, before you rush to sign on the dotted line, ensure you understand the terms and conditions outlined in the document. Once individuals sign the release document, they are generally barred from pursuing any further damages from the at-fault party. 

If your attorney disagrees with the terms and conditions of release, there could be further negotiations with the at-fault party’s lawyer. This could cause a delay of your check at the first hurdle. While waiting can be frustrating, consider that your attorney is protecting your legal rights and best interests. Once your lawyer gives the go-ahead and you have signed the document, the release form will be sent to the at-fault party’s attorney and their insurance company. 

2. The Insurance Company Issues the Check

When the insurer of the at-fault party receives the signed release documents, they should issue the check and mail it to your lawyer or directly to you (if you are not working with a lawyer). 

The issuing of your check could take a couple of weeks, depending on the insurance’s internal procedures. Unfortunately, settlement checks can get stuck at the insurance company for various reasons, such as improperly signed release forms, employee illness or vacation, and others.

3. The Check Is Received and Liens Are Paid

Once the check arrives at your attorney’s office, they will deposit it into an escrow account until the bank clears it. Your lawyer can then go ahead and disburse the settlement funds. First of all, they will pay off your debts, also called “liens,” which could include: 

  • Unpaid medical bills
  • Private health insurance 
  • Medicare or Medicaid
  • Past due child support payments

Your attorney will not simply pay the liens but also try and negotiate with your lienholders, which can take time. If you do not have an attorney, make sure to pay off your liens diligently when you receive a settlement check, as you could face legal consequences otherwise. 

4. The Attorney Deducts Fees and Legal Expenses

Before you receive the final check, your attorney’s office will deduct their fees and legal expenses. Expenses deducted can include:

  • Fees for expert witnesses
  • Court filing fees
  • Evidence collection expenses
  • Accident reconstruction costs
  • Copying and postage costs
  • Costs for pulling official documents
  • Transcription and other deposition costs

Although attorney’s fees vary from one law firm to another, on average, attorney’s fees are around one-third of the final settlement. 

5. You Receive the Settlement Check

Once your attorney has paid all liens, fees, and case expenses, they will write a check for the remainder of your settlement amount and send it to your postal address. You are then free to deposit the funds, pay outstanding bills, and begin your financial recovery.

However, if the process of receiving your check seems to go on indefinitely, an insurance company may be putting the brakes on. Consider consulting with one of our attorneys who could track your settlement check and potentially speed up the process.
 

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