- Formal lawsuits: Unlike the criminal cases that are usually initiated by the government, a formal personal injury case starts when a private individual files a civil complaint against another person, corporation or business or even a government agency alleging that they acted carelessly in connection to an accident. This is the action which is known as filing a lawsuit and when you claim about the opponent party’s negligence, you have to make sure you have enough proof.
- Informal settlement: However, in reality, most disputes over fault for an accident or injury are resolved through informal settlement. Informal early settlement occurs between those who are personally involved in the dispute, their attorneys and insurers representing both sides. A settlement means it commonly takes the form of a negotiation, followed by a written agreement in which both the parties forgo any further action, choosing to resolve the matter through payment of an agreeable amount.
Jimmy Simond is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.