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Stacey Napp, CEO of Balance Point, disputed press accounts but wouldn't provide any specifics.
"Balance Point has never indicated that it provided funding for any particular case," she said in an email to Fortune.
CEO: Stacey Napp
opened the business in 2009 after enduring a divorce of her
own as the "out-spouse," or the one who's not in charge of a couple's finances.
The so-called "in-spouse," who controls the couple's money, will often draw out a divorce proceeding until the out-spouse has run out of money, she
"This is a tried and true game plan," she
clients are: Napp
said that the company's average client has been married for at least 12 years and has significant wealth, perhaps $12 million.
But usually the client comes to her
because the litigation process has been grinding on for years, with little to show for it.
Weird story: "We have a client who was actually offered a wheelbarrow, one goat and a ladder, while the husband had managed to transfer to family and related entities approximately 1,000 acres of prime agricultural land," she
How clients are charged:Balance Point
takes a percentage of whatever the client wins.
wouldn't say how much.
What clients say:"I am told by clients that more valuable than the money we provide is the support to clients, which in and of itself has been a 24/7 business," she
Stacey Napp, founder of ...
Stacey Napp, founder of Balance Point, came up with the idea after going through her own divorce and, in fact, started the company using money from her settlement.
Stacey Napp, architect of ...
Stacey Napp, architect of Balance Point, came up with the abstraction afterwards activity through her own annulment and, in fact, started the aggregation application money from her settlement.
Stacey Napp, the founder of ...
Stacey Napp, the founder of Balance Point Divorce Funding, doesn't think so.
Her company just might lend you money to fight your soon-to-be-ex in court.
Balance Point is something of a 'general contractor' in a divorce.
If the company chooses to provide you with litigation funding, the proceeds may be used to help pay for hiring attorneys, forensic accountants, investigators to uncover fraud and hidden assets, and even reasonable living expenses.
In exchange, her
company negotiates a percentage of the client's financial resolution in the divorce.
Not surprisingly, Napp
came up with the idea for her
divorce financing business after going through her
own expensive, protracted divorce.
Like many spouses, she
found herself in a situation that put her
in a tight spot: drawn-out litigation seemed designed to simply weaken her
After spending two years in court, she
signed a divorce settlement with her
husband, only to learn that he
engaged in "intentional material omissions" about the real value of his
It was a lot greater than he
Many successful entrepreneurs take an approach that, when you have lemons, make lemonade.
That seems to be a key component of Napp's approach to helping spouses find the real value of their marital assets.
has considerable collections and asset recover experience, having previously co-founded a company in the 1990s that uncovered, found, and collected Resolution Trust Company assets.
Stacey Napp, a lawyer by ...
Stacey Napp, a lawyer by training who has spent her career in finance, founded Balance Point last year with money from her own divorce.
Since then, she has provided more than $2 million to 10 women seeking divorces.
She says she is helping to ensure both sides can defend their interests.
"Everybody knows somebody where at the end of the day, the divorce was not equitable," she
developed the idea for Balance Point
during an eight-year legal battle with her
former husband, which she
paid for with loans from family and friends.