Form 8-K ASTA FUNDING INC For: Nov 20

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November�20, 2014

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ASTA FUNDING, INC.

(Exact name of registrant as specified in its charter)

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Delaware	�	001-35637	�	22-3388607
(State or other jurisdiction of incorporation)	�	(Commission File Number)	�	(IRS Employer Identification No.)

210 Sylvan Avenue, Englewood Cliffs, New Jersey 07632

(Address of principal executive offices, including zip code)

Registrant�s telephone number, including area code: 201-567-5648

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(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

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�	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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�	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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�	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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�	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item�5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangement of Certain Officers

On November�20, 2014, the Board of Directors of Asta Funding Inc. (the �Company�) elected Ricky Stern, age 30, Senior Vice President of the Company, to the added position of President of its wholly owned subsidiary, GAR Disability Advocates LLC.

Mr.�Stern joined the Company in 2011 as Assistant Treasurer of the Company. Prior to joining the Company, Mr.�Stern earned an MBA in Finance from Pace University in 2011. Mr.�Stern is a Certified Financial Planner^TM professional as well as a Certified Investment Management Analyst^SM professional.

Ricky Stern is the son of the Chairman, President and CEO of the Company, Gary Stern, and the grandson of Chairman Emeritus of the Company, Arthur Stern.

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Item�8.01.

Other Events

On November�26, 2014, CBC Settlement Funding, LLC, a wholly-owned subsidiary of the Company, issued a press release titled �CBC Settlement Funding Announces Completion of BBRIV 2014-A Private Placement Note Offering� (the �Press Release�), relating to the completion of its private placement of fixed rate asset backed notes. A copy of the Press Release is furnished as Exhibit�99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety. The information in the Press Release is intended to be furnished under this Item�8.01 of Form 8-K and shall not be deemed �filed� for purposes of Section�18 of the Securities Exchange Act of 1934, as amended (the �Exchange Act�), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

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Item�9.01.

Financial Statements and Exhibits

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Exhibit Number	��	Description
99.1	��	Press Release dated November 26, 2014

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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	�		�	ASTA FUNDING, INC.
Date: November�26, 2014	�		�	By:	�	/s/ Robert J. Michel
	�		�		�	Robert J. Michel
	�		�		�	Chief Financial Officer

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Exhibit 99.1

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CBC Settlement Funding Announces Completion of BBRIV 2014-A Private Placement Note Offering

Conshohocken, PA 11/26/2014 � Structured settlement finance company, CBC Settlement Funding, LLC (�CBC�), announced the completion of its fourth private placement backed by structured settlement and fixed annuity payments. CBC issued through its subsidiary BBRIV, LLC $21,814,000 of fixed rate asset backed notes with a yield of 5.39%.

William Skyrm, CBC Settlement Funding, LLC CEO and Co-founder, commented, �We are thrilled by the show of support from our investors. It is an exciting time as we see an increase in the level of interest in our receivables.� Mr.�Skyrm concluded, �We are extremely pleased with the execution of this transaction resulting from increased institutional demand due to the attractive yields relative to the risk profile of the asset class.�

ABOUT STRUCTURED SETTLEMENTS

Structured settlements are commonly used in the settlement of personal injury lawsuits to spread payouts over 10, 20 or 30 years. The secondary market for structured settlement annuity transfers is a highly regulated market place offering clients liquidity options for otherwise inflexible assets. In 2002, Congress passed IRC 5891 affirming the tax benefits of structured settlements but requiring compliance with all applicable state or federal laws. Today, 48 states have enacted structured settlement protection acts requiring court review and approval of each structured settlement transfer.

ABOUT CBC SETTLEMENT FUNDING, LLC.

CBC Settlement Funding, LLC is a Conshohocken, PA based purchaser of illiquid assets such as periodic structured settlement, annuity and other deferred payments. CBC is a consolidated subsidiary of Englewood Cliffs, New Jersey based Asta Funding, Inc. (NASDAQ: ASFI) (Asta). CBC has purchased over $100 million in future payments from consumers providing them with liquidity from their annuity backed assets. For more information, visit their website at http://www.cbcsettlementfunding.com

Contact:

James Goodman, President and Co-founder

CBC Settlement Funding, LLC

215-542-2132

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181 Washington Ave., Suite 375 � Conshohocken, PA 19428

Phone: 877.386.3377 � Fax 215-434-6222

www.cbcsettlementfunding.com

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