Step-by-Step Court Approval Process
- File Your Application: Submit your petition to the court with all required documents, including your settlement agreement and sale contract.
- Receive Your Hearing Date: The court will schedule a hearing, usually within 30–45 days.
- Prepare for the Hearing: Gather all paperwork, prepare your statement of need, and consult an advisor if required by your state.
- Attend the Hearing: Arrive early, dress professionally, and answer the judge's questions honestly and clearly.
- Judge's Decision: The judge will approve or deny the sale based on your best interest and state law.
- Receive Funds: If approved, you'll receive your lump sum payment, usually within a few days.
Frequently Asked Questions
Court approval protects your interests and ensures the sale is fair and legal. The judge reviews your case to confirm you understand the transaction and that it is in your best interest.
You'll need your settlement agreement, payment schedule, government-issued ID, and the sale agreement. Some states require additional disclosures or financial statements.
Most hearings are scheduled within 30–45 days of your application. The process may be faster or slower depending on your state and court schedule.