Money and liens
Disbursement
Disbursement is the payment of settlement funds out of an attorney's trust account, following the order of attorney fees and costs, then liens, then the claimant's remaining share.
You are entitled to a written settlement statement itemizing every deduction. Ask for it and read it.
This stage is where a funding lien is repaid, at the figure the published schedule sets for the period in which the case resolved.
Related terms
- Trust account — A trust account, sometimes called an IOLTA account, is a separate bank account in which an attorney is required to hold client settlement funds until they are properly disbursed.
- Lien — A lien is a legal claim on settlement proceeds that must be satisfied out of the recovery before the claimant receives their share.
- Settlement — A settlement is an agreement resolving a claim for an agreed sum, in exchange for which the claimant signs a release permanently giving up the right to pursue it further.
Need the money rather than the definition?
Apply in two minutes, or call 813-798-5528 and we will explain any of this on the phone.