Michelle Pont and her husband started a truck hauling business in 1991 in California. Over the years they accumulated millions in properties and investments. But when Michelle decided to divorce, she discovered that her husband controlled all the family assets. She maxed out all her credit cards on legal fees and expert witnesses in the first few months of the divorce.
She thought about taking a settlement for less than she thought was fair. Then she discovered Balance Point Divorce Funding, a Beverly Hills company that lends money for divorce expenses in exchange for a percentage of the money obtained by the borrower in the divorce. There are no interest charges and no payments are due until the recovery.
Attorney Stacey Napp, started Balance Point last year, after her own lengthy and expensive divorce. She says she has loaned more than two million dollars to ten women for divorce expenses so far.