Stacey Napp, CEO of Balance Point, disputed press accounts but wouldn't provide any specifics.
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