Handling Interim Distribution Payments
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Summary
I am receiving an Interim Distribution Payment for a lawsuit and the letter talks about the payment being 40% of the total payment. The figures that they have given me are labeled as the Interim payment. Does that mean that I will be receiving 40% of that amount minus lawyer fees or is that the amount that I will be receiving now |
“I am receiving an Interim Distribution Payment for a lawsuit and the letter talks about the payment being 40% of the total payment. The figures that they have given me are labeled as the Interim payment. Does that mean that I will be receiving 40% of that amount minus lawyer fees or is that the amount that I will be receiving now”
You will need to ask the attorneys or their agents making the distribution for clarification, as it will be uniquely subject to the terms of the representation agreement that was made with them.
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State laws vary, and the above is intended as general advice, and not direct legal advice regarding any one particular situation in any one state. For direct personal legal advice related to your own situation you should consult an attorney familiar with the laws of your state and with your situation.
