Thursday, December 16, 2010

From Divorce Insurance to Divorce Funding

An article published earlier this month identifies a new trend in lawsuit finance: divorce funding.  Companies have been around for years which offer to front the costs of a personal injury lawsuit in return for a portion of the recovery, but the foray into the domestic realm is fairly new.  The article focuses on a company called Balance Point, which was founded by a woman who initially received an inequitable settlement in her divorce because she had exhausted all her resources and could not keep fighting for a better arrangement.

The article is available on the New York Times website, although only page 1 of the story is viewable without a NYT account.

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