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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) October 6, 2000
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ContiFinancial Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-14074 13-3852588
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) ID Number)
277 Park Avenue, New York, New York 10172
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (212) 207-2800
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N/A
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(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"). As
previously reported, the Company intends to file with the Securities and
Exchange Commission (the "SEC"), each 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 October 6, 2000, the Bankruptcy Court entered an order approving the
form of Notice of Hearing to Consider Approval of Disclosure Statement,
Procedures and a Deadline for Filing Objections Thereto ("Notice") to be sent to
all necessary parties in interest and filed with the SEC. The Company requested
the Bankruptcy Court to allow the filing of the Notice with the SEC to be
adequate for providing the Notice to equity holders of the Company, and the
Bankruptcy Court has approved such request. Exhibit 99.1 to this Current Report
on Form 8-K contains the text of the Notice.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Notice of Hearing to Consider Approval of Disclosure Statement,
Procedures and a Deadline for Filing Objections Thereto
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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
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Name: Alan Fishman
Title: Authorized Signatory
By: /s/ Frank Baier
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Name: Frank Baier
Title: Authorized Signatory
Dated: October 17, 2000
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EXHIBIT INDEX
Exhibit No. Document Description
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99.1 Notice of Hearing to Consider Approval of Disclosure Statement,
Procedures and a Deadline for Filing Objections Thereto
