Contifinancial Corp · 8-K · For 5/17/00

Filed On 8/23/00 2:03pm ET   ·   SEC File 1-14074   ·   Accession Number 950136-0-1147

Current Report   ·   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         5     10K 
 2: EX-99.1     Monthly Operating Statement                            9     32K 

8-K   ·   Current Report
Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 -----

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported)     July 26, 2000              
                                       ---------------------

ContiFinancial Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)

       Delaware                       1-14074                 13-3852588
----------------------------           -----------             -------------    
(State or other jurisdiction           (Commission             (IRS Employer    
 of incorporation)                File Number)              ID Number)

277 Park Avenue, New York, New York                                    10172    
--------------------------------------------------------------------------------
(Address of principal executive offices)                             (Zip Code) 

Registrant's Telephone Number,                                                  
including area code:                                             (212) 207-2800 
--------------------------------------------------------------------------------

 N/A
--------------------------------------------------------------------------------
 (Former name or former address, if changed since last report)

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Item 5. Other Events.                                                           

As previously reported, ContiFinancial Corporation, a Delaware
corporation (the "Company"), together with its direct and indirect subsidiaries,
filed voluntary Petitions for Relief under the provisions of Chapter 11 of the  
U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of  
New York ("Bankruptcy Court"), Case No. 00-B-12184(AJG) Jointly Administered, on
May 17, 2000. The Company retains control of its assets and is authorized to    
operate its business as a debtor in possession under the jurisdiction of the    
Bankruptcy Court.                                                               

         Due to the Chapter 11 proceeding, the Company will not file its Reports
on Form 10-Q and Form 10-K. As a result of the Chapter 11 proceeding, the       
Company is required to and intends to file with the Bankruptcy Court the        
Company's Monthly Operating Statements, a Plan of Reorganization for the Company
and its Affiliates (the "Plan of Reorganization") and a Disclosure Statement    
relating to the Plan of Reorganization (the "Disclosure Statement"). The Company
intends to file with the Securities and Exchange Commission (the "SEC"), under  
the cover of a Form 8-K, the Monthly Operating Statements filed with the        
Bankruptcy Court. In addition, following the approval of the Disclosure         
Statement by the Bankruptcy Court, the Company intends to file that document    
with its exhibits (including the Plan of Reorganization) with the SEC under the 
cover of a Form 8-K.                                                            

         On July 26, 2000, the Company filed with the Bankruptcy Court its first
Monthly Operating Statement for the Period May 1 to June 30, 2000 in connection 
with the Company's ongoing proceeding under Chapter 11 of the U.S. Bankruptcy   
Code. Exhibit 99.1 to this Current Report on Form 8-K contains the text of the  
Monthly Operating Statement required to be filed with the Bankruptcy Court.     

     The Company cautions investors and potential investors not to place
undue reliance upon the information contained in the Monthly Operating          
Statements. The Monthly Operating Statements contain unaudited information, and 
each is in a format prescribed by the applicable bankruptcy laws. There can be  
no assurance that, from the perspective of an investor or potential investor in 
the Company's securities, the Monthly Operating Statements are complete. The    
Monthly Operating Statements also contain information for periods which may be  
shorter or otherwise different from those required in the Company's reports     
pursuant to the Securities Exchange Act of 1934, as amended ("Exchange Act").   
Such information may not be indicative of the Company's financial condition or  
operating results for the periods which would be reflected in the Company's     
financial statements or in its reports pursuant to the Exchange Act.            

     Moreover, the Monthly Operating Statements and other communications
from the Company may include forward-looking statements subject to various      
assumptions regarding the Company's operating performance that may not be       
realized and subject to significant business, economic and competitive          
uncertainties and contingencies many of which are beyond the Company's control. 
Consequently, such matters should not be regarded as a representation or        
warranty by the Company that such matters will be realized or are indicative of 
the Company's financial condition or operating results for future periods.      
Actual results for such periods may differ materially from the information      
contained in the Monthly Operating Statements, and the Company undertakes no    
obligations to update or revise such Monthly Operating Statements.              

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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.     

(a)     Not applicable.                                                         

(b)     Not applicable.                                                         

(c)     Exhibits:                                                               

        99.1   Monthly Operating Statement for the Period May 1 to June 30, 2000

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SIGNATURES

                  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.                                      

                                  CONTIFINANCIAL CORPORATION

                             By:  /s/ Alan Fishman
                                             ---------------------------
                                     Name:  Alan Fishman
                                             Title: Authorized Signatory

                            By:  /s/ Frank Baier
                                             ---------------------------
                                    Name:  Frank Baier
                                             Title: Authorized Signatory

Dated:  August 22, 2000                                                         

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 EXHIBIT INDEX

Exhibit No.    Document Description                                             
-----------    --------------------                                             

99.1           Monthly Operating Statement for the Period May 1 to June 30, 2000

Dates Referenced Herein   and   Documents Incorporated By Reference

				Referenced-On Page
This 8-K Filing		Date		First		Last			Other Filings
For The Period Ended		5/17/00		2					8-K
		6/30/00		2		5			NT 10-K
		7/26/00		1		2
		8/22/00		4
Filed On / Filed As Of		8/23/00
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