23 days
Depends on the court, state & procedures for whatever settlement you are talking about.
$268million
These things are seldom done quickly. It can take several years.
Terms of your settlement will be worked out with the lawyers, both the plaintiffs and defendants, or through the courts. If the case is settled out of court you are far more likely to receive money quickly than if the case is decided by a judge or jury. In these cases there are often long and complicated appeals which can tie up verdicts for years.
The bankruptcy court will deal with ALL your assets.
It can take up to thirty days after the claim has been filed and settled for the check to arrive.
how long can it take to get a court date
They won't take your settlement away but you should pay some of what you owe on your back taxes. This won't happen automatically.
If you are settling out of court with the insurance company, you should get a check within 30 days. If you do not receive the money, I would go ahead to court.
Those persons who are receiving a settlement or annuity in increments can sell the settlement agreement as if it were property. A settlement is viewed as an asset that can be sold for cash. Buyers of settlement agreements take over the future payments of the agreement. They also charge a fee for their services. Getting cash for settlement payments is a lot like getting a cash advance loan. The fee for selling the settlement is higher than what would be charged for getting a loan. The company that provides the advancement of full or partial settlement money then receives the scheduled payments until the total advanced plus any fees is recovered. There are many reasons why a person would want to sell a settlement agreement. Many people want to pay off a home or vehicle, or attend college. They may have a large medical bill that demands payment. Settlement agreements are set up to the advantage of the person or company that must pay out the long term payments. It makes paying a large court award feasible for some. As with any cash advance, the reason why a person wants to get out of a settlement agreement with long term future payments is their own business. The lender just wants to be sure that they make a profit and will be repaid. In some cases, the court must approve sale of a settlement agreement. For some people, the court has supervised a settlement and is acting on behalf of that person. A long term settlement payout benefits the person receiving the settlement money because it will provide them with long term income. This is especially useful if a person has been severely injured and cannot work or requires long term care. If that person sells off their settlement, they may find themselves without the long term income they need. Selling a settlement requires careful thought, but you can get cash for a settlement. Consult with your attorney regarding the legal questions or restrictions that may apply. If you take cash for settlement, the total amount you receive will be less than under the structured plan originally set up in court.
The court should certainly take a PI settlement into account.
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