×

Asta Funding, Inc. Announces Final Settlement With the Internal Revenue Service ("IRS")

ENGLEWOOD CLIFFS, N.J., Dec. 4, 2015 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ:ASFI) (the "Company") , a diversified financial services company, announces the Congressional Joint Committee on Taxation has completed its review of the settlement the Company reached, and announced earlier this year with the IRS, and had no exceptions to settlement agreement.

About Asta Funding:

Based in Englewood Cliffs, NJ, Asta Funding, Inc., is engaged in several business segments in the financial services industry including structured settlements through our 80% owned subsidiary CBC Settlement Funding, LLC, funding of personal injury claims, through our 80% owned subsidiary Pegasus Funding, LLC, social security and disability benefit advocates through our wholly owned subsidiary GAR Disability Advocates, LCC and the business of managing for its own account the servicing of distressed consumer receivables with the concentration of acquiring, managing and collecting consumer receivables in the international sector. For additional information, please visit our website at http://www.astafunding.com.

Except for historical information contained herein, the matters set forth in this news release are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995.) Although Asta Funding, Inc. believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from Asta Funding, Inc.'s expectations. Factors that could contribute to such differences include those identified in Asta Funding, Inc.'s Form 10K, and other filings posted during this period and those described from time to time in Asta Funding, Inc.'s filings with the Securities and Exchange Commission, news releases and other communications. Asta Funding, Inc.'s reports with the Securities and Exchange Commission are available free of charge through its website at http://www.astafunding.com

CONTACT: Robert J. Michel, CFO Asta Funding, Inc. (201) 567-5648

Source:Asta Funding, Inc.