I settled my lawsuit at the end of may, how long does it take for the payment to be made? 2 Answers as of July 21, 2015

Is there a time limit that they have to make the payment?

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Andrew T. Velonis, P.C.
Andrew T. Velonis, P.C. | Andrew Velonis
In NY it's supposed to be 21 days for an insurance company or self-insured company. There could be some delays if your lawyer has to hold funds in escrow pending payment of liens, etc. Or, if it's a private individual and you don't have a lawyer, that could be a problem.
Answer Applies to: New York
Replied: 7/21/2015
Usually payment is made within sixty days unless a municipality is involved; that is anyone's guess. Furthermore, if you have liens, medicare, medicaid or medical liens, the attorney has to deal with every single item, which can take a long long time before your matter is settled within the confines of those expenses; before the attorney can make disbursements to you.
Answer Applies to: New York
Replied: 7/21/2015
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