ASTA FUNDING INC
SC 13G, 1998-02-24
PERSONAL CREDIT INSTITUTIONS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                              (Amendment No. __ )*




                               ASTA FUNDING, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   0462220109
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 1997
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check    the  appropriate  box to  designate  the rule  pursuant  to which  this
Schedule 13G is filed:
          [ ] Rule 13d-1(b)
          [X] Rule 13d-1(c)
          [ ] Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).




<PAGE>





                              CUSIP NO. 0462220109
- --------------------------------------------------------------------------------

(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of Above Persons
        (entities only):  Barbara Marburger
- --------------------------------------------------------------------------------

(2)     Check the Appropriate Box if a Member of a Group (See Instructions)
        (a)                             (b)
- --------------------------------------------------------------------------------

(3)     SEC Use Only
- --------------------------------------------------------------------------------

(4)     Citizenship or Place of Organization:  United States
- --------------------------------------------------------------------------------

Number of Shares Beneficially Owned   (5) Sole Voting                    
   by Each Reporting Person                   Power:             282,703*
                                      (6) Shared Voting
                                              Power:                  --
                                      (7) Sole Dispositive
                                              Power:             282,703*
                                      (8) Shared Dispositive
                                              Power:                  --
- --------------------------------------------------------------------------------
(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:  282,703*
- --------------------------------------------------------------------------------

(10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares 
          (See Instructions)
- --------------------------------------------------------------------------------

(11)    Percent of Class Represented by Amount in Row (9): 7.1%
- --------------------------------------------------------------------------------

(12)     Type of Reporting Person (See Instructions):  IN
- --------------------------------------------------------------------------------

* Includes shares of Asta Funding, Inc. beneficially owned by two minor children
  of the reporting person.



<PAGE>

Item 1(a). Name Of Issuer:  Asta Funding, Inc.


- -------------------------------------------------------------------------------

Item 1(b). Address of Issuer's Principal Executive Offices:  210 Sylvan Avenue,
           Englewood Cliffs, New Jersey 07632
- -------------------------------------------------------------------------------

Item 2(a). Name of Person Filing:  Barbara Marburger
- -------------------------------------------------------------------------------

Item 2(b). Address of Principal Business Office or, if None, Residence:
           9 Locust Hollow Drive, Muncie, New York 10956
- -------------------------------------------------------------------------------

Item 2(c). Citizenship:  United States
- -------------------------------------------------------------------------------

Item 2(d). Title of Class of Securities: Common Stock
- -------------------------------------------------------------------------------

Item 2(e). CUSIP No.:  0462220109
- -------------------------------------------------------------------------------

Item 3.    If This Statement Is Filed  Pursuant to  ss.240.13d-1(b)  or 
           240.13d-2(b) or (c), check whether the Person Filing is a

           (a) [ ] Broker or Dealer registered under Section 15 of the Act 
                   (15 U.S.C. 78o);

           (b) [ ] Bank as defined in section 3(a)(6)of the Act (15 U.S.C.78c);

           (c) [ ] Insurance company as defined in section 3(a)(19)of the Act
                  (15 U.S.C. 78c);

           (d) [ ] Investment Company registered under section 8 of the
                   Investment  Company  Act of  1940 (15 U.S.C. 80a-8);

           (e) [ ] An Investment Adviser in accordance with 
                   ss.240.13d-1(b)(1)(ii)(E);

           (f) [ ] An Employee Benefit Plan or Endowment Fund in accordance with
                   ss.240.13d-1(b)(1)(ii)(F);

           (g) [ ] A Parent Holding Company or control person in accordance with
                   ss.240.13d-1(b)(1)(ii)(G);

           (h) [ ] A Savings  Associations  as defined in Section  3(b) of the 
                   Federal Deposit Insurance Act (12 U.S.C. 1813);

           (i) [ ] A  Church Plan that is excluded from the definition of an
                   investment company under Section 3(c)(14) of the Investment
                   Company Act of 1940 (15 U.S.C. 80a-3);

           (j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

  If this statement is filed pursuant to ss.240.13d-1(c), check this box [X].

Item 4.  Ownership

         (a) Amount Beneficially Owned (as of December 31, 1997):

             282,703

         (b) Percent of Class (as of December 31, 1997):

             7.1%

         (c) Number of Shares as to which such person has:

             (i)   sole power to vote or to direct the vote   282,703

             (ii)  shared power to vote or to direct the vote       --

             (iii) sole power to dispose or to direct the disposition of 282,703

             (iv)  shared power to dispose or to direct the disposition of    --


Item 5.  Ownership of Five Percent or Less of a Class

         If this statement is being filed to report the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following [ ].

Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.  N/A


Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company.  N/A

Item 8.  Identification and Classification of Members of the Group.  N/A

Item 9.  Notice of Dissolution of Group.  N/A
<PAGE>

Item 10.  Certification

         By  signing  below I  certify  that,  to the best of my  knowledge  and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of such  securities  and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.




                                                     February 23, 1998
                                                     ---------------------------
                                                     (Date)


                                                     /s/ Barbara Marburger
                                                     ---------------------------
                                                     (Signature)


                                                     Barbara Marburger
                                                     ---------------------------
                                                     (Name/Title)



      Attention: Intentional misstatements or omissions of fact constitute
                Federal criminal violations (See 18 U.S.C. 1001)



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