Asta Funding, Inc. together with its wholly owned operating subsidiaries Palisades Collection LLC, Palisades Acquisition XVI, LLC (Palisades XVI), VATIV Recovery Solutions LLC (VATIV) and other subsidiaries is engaged in the business of purchasing, and managing for its own account. The Company�s charged-off receivables consisting of accounts that have been written-off by the originators and may have been previously serviced by collection agencies. Its semi-performing receivables consisting of accounts where the debtor is making partial or irregular monthly payments, but the accounts may have been written-off by the originators. Its performing receivables consisting of accounts where the debtor is making regular monthly payments that may or may not have been delinquent in the past. Its distressed consumer receivables consist of the unpaid debts of individuals to banks, finance companies and other credit and service providers.