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Question about a settlement check

Posted on 1/22/18 at 2:46 pm
Posted by the paradigm
Moon Township, PA
Member since Sep 2017
5417 posts
Posted on 1/22/18 at 2:46 pm
I was involved in an accident last year and hurt my neck, and took my case to the OT’s favorite baw, Spencer Callahan. They called me today and told me they received the check, but that is has to go through bookkeeping first and then they’ll call me to pick it up. The check is for 12 grand... I assume this is before they take out all their fees, etc.? Excuse me for being so ignorant but I’ve never dealt with anything like this before.
This post was edited on 1/22/18 at 3:02 pm
Posted by CoachChappy
Member since May 2013
32512 posts
Posted on 1/22/18 at 2:47 pm to
If they told you 12K, that’s your cut generally speaking
Posted by ell_13
Member since Apr 2013
84943 posts
Posted on 1/22/18 at 2:48 pm to
Is he that bad of a lawyer that you can't just ask him or an associate?
Posted by TigerNlc
Chocolate City
Member since Jun 2006
32490 posts
Posted on 1/22/18 at 2:48 pm to
Thanks for the increased insurance rates
Posted by bubbz
Baton Rouge
Member since Mar 2006
22811 posts
Posted on 1/22/18 at 2:48 pm to
Which means the total settlement was probably around 20k.
Posted by DuckManiak
Member since Nov 2011
3731 posts
Posted on 1/22/18 at 2:49 pm to
quote:

Spencer Callahan

Catchy jingle that guy has. Now i Can't get it out of my head... thanks.
Posted by Displaced
Member since Dec 2011
32702 posts
Posted on 1/22/18 at 2:49 pm to
quote:

The check is for 12 grand

That's your cut of the 1.2 million settlement.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/22/18 at 2:49 pm to
quote:


If they told you 12K, that’s your cut generally speaking


So, the original check was for around $100k?
Posted by Gulf Coast Tiger
Ms Gulf Coast
Member since Jan 2004
18660 posts
Posted on 1/22/18 at 2:50 pm to
You got hurt, he got paid
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89483 posts
Posted on 1/22/18 at 2:50 pm to
Without offering you specific legal advice, as that would be inappropriate as I do not now, nor will I represent you in this matter:

Standard practice in PI firms is to do a disbursement almost like a real estate closing - they will clean up any paperwork they've missed, take care of any subrogation with the disbursement (they make sure your doctors and health insurance are happy with their cut), all bills/expenses are paid, as well as their fee. You'll get the opportunity to review all that and if you're happy with it, you'll take your check (made out to you, from their client trust account) and be on your merry way.

That happens in 99% of client disbursement situations.
Posted by Topwater Trout
Red Stick
Member since Oct 2010
67589 posts
Posted on 1/22/18 at 2:50 pm to
Call JD Wentworth
Posted by the paradigm
Moon Township, PA
Member since Sep 2017
5417 posts
Posted on 1/22/18 at 2:53 pm to
Thanks for the clarification, guys. Once again, I apologize for my idiocy.
Posted by IonaTiger
The Commonwealth Of Virginia
Member since Mar 2006
33053 posts
Posted on 1/22/18 at 2:53 pm to
Are you saying that your lawyer settled your PI case without telling you the gross amount the insurer paid? If so, lawyers operate different down there than they do up here.

Call your lawyer. They should let you know what the case settled for and I assume they will send you a disbursement sheet along with the check.

ETA: What Ace said.
This post was edited on 1/22/18 at 2:55 pm
Posted by Brummy
Central, LA
Member since Oct 2009
4497 posts
Posted on 1/22/18 at 2:54 pm to
quote:

Spencer Callahan

You should walk into his office and hum a football at his face and see if he can catch it like he does on his commercials.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41542 posts
Posted on 1/22/18 at 2:58 pm to
What kind of injuries did you have? Must've not been much if the payout was only $12,000.
Posted by tlsu15
Capital of Texas
Member since Aug 2011
10010 posts
Posted on 1/22/18 at 2:58 pm to
I'm hoping to have something similar happen here shortly with an accident my wife was involved in last year. I know all cases are different, but how long did it take you from the time you hired a lawyer to the time you got a check?
Posted by the paradigm
Moon Township, PA
Member since Sep 2017
5417 posts
Posted on 1/22/18 at 2:59 pm to
So you’re saying that they still might deduct more for medical fees, or has that already been done?
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
34998 posts
Posted on 1/22/18 at 2:59 pm to
quote:

The check is for 12 grand


That'll get you a Bitcoin.
Posted by Napoleon
Kenna
Member since Dec 2007
69050 posts
Posted on 1/22/18 at 3:00 pm to
What they tell you is what you get. They have to deposit the check, clear it, take their cut and then they will draft you a certified check.
Posted by the paradigm
Moon Township, PA
Member since Sep 2017
5417 posts
Posted on 1/22/18 at 3:00 pm to
Pretty minor — just soreness/stiff neck. I only went to the chiropractor for a couple mos.
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