British Columbia’s new legislation to limit payouts for pain and suffering for many motor vehicle accident victims will have a devastating impact on those who are injured in that province and in need of treatment to recover, says Toronto settlement loan provider Larry Herscu of Easy Legal Finance.
In a move that aims to position Easy Legal Finance Inc. for long-term growth in new markets within Canada, the legal financing firm has acquired Edmonton-based Rhino Legal Finance Inc.
Easy Legal Finance Inc. acquires Rhino Legal Finance Inc.
Positions firm as a leading provider of financial solutions, servicing the personal injury sector.
April 18, 2018 – Easy Legal Finance Inc. a Canadian legal financing firm, announced today, the acquisition of Rhino Legal Finance Inc. Based in Edmonton and established in 2003, Rhino Finance Inc. pioneered the business of settlement lending to clients involved in personal injury claims.
The convergence of two trends — seniors retiring while still in debt and continuing to drive until an advanced age — has created a financial pitfall for those who get into an accident and must wait for an insurance company settlement, says Toronto settlement loan provider Larry Herscu of Easy Legal Finance.
VICTORIA — Allowing people to sue for pain and suffering in car accidents has been viewed as a fundamental principle in British Columbia, but that changed Tuesday when the government joined Canada’s other provinces in limiting payouts to some crash victims because of a financial crisis at the public insurance corporation.
The holiday spending hangover and demand for litigation funding
With Canadians owing record amounts of debt, this time of year is especially stressful for many personal injury plaintiffs who struggle with paying bills after the holiday season, says Easy Legal Finance Inc. president and CEO Larry Herscu.
Easy Legal Finance Inc. has launched a new treatment loan solution to help plaintiffs access the rehabilitation therapy they need after being injured in an accident, says its president and CEO Larry Herscu.
With the backlog in Ontario civil courts, personal injury plaintiffs have to wait longer for their cases to be processed, putting a growing number of them in financial hardship, says Easy Legal Finance Inc. president and CEO Larry Herscu.