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Asta Funding Inc. said in a Form 8-K filed May 24 that it entered into a joint venture with Balance Point Divorce Funding LLC on May 18.
The venture, through a newly formed indirect subsidiary, BP Case Management LLC, will offer nonrecourse funding to claimants in matrimonial actions, to be used for legal fees, expert costs and living expenses.
The venture will receive an agreed percentage of the proceeds received by the claimant upon final resolution...




