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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) November 9, 2000
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. Bankruptcy or Receivership.
As previously reported, ContiFinancial Corporation, a Delaware
corporation (the "Company"), together with certain of 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.
On November 9, 2000, the Company, together with certain of its direct
and indirect affiliates, filed a Second Amended Joint Plan of Reorganization of
ContiFinancial Corporation and Affiliates Under Chapter 11 of the Bankruptcy
Code ("Plan of Reorganization") and a Disclosure Statement relating to the Plan
of Reorganization ("Disclosure Statement") with the Bankruptcy Court. On
November 10, 2000, the Bankruptcy Court entered an order (i) approving the form
of Disclosure Statement, (ii) setting the date, time and place for the hearing
to consider the confirmation of the Plan of Reorganization, (iii) setting the
deadline and procedures for filing objections to the confirmation of the Plan of
Reorganization, (iv) setting the deadline and procedures for temporary allowance
of claims for holders of objected to, contingent, unliquidated, or disputed
claims and (v) setting the voting deadline for receipt of ballots for accepting
or rejecting the Plan of Reorganization.
On November 15, 2000, the Company sent a court approved Notice of (A)
Approval of Disclosure Statement; (B) Hearing on Confirmation of Plan of
Reorganization; (C) Deadline for Filing Objections to Confirmation of the Plan;
(D) Deadline and Procedures for Temporary Allowance of Claims and (E) Voting
Deadline for Receipt of Ballots ("Notice") to all creditors, and other parties
in interest who have filed a notice of appearance with respect to the Chapter 11
proceeding of the Company. The Bankruptcy Court has allowed the filing of the
Notice with the Securities and Exchange Commission to be the sole Notice given
to equity holders of the Company. Exhibit 99.1 to this Current Report on Form
8-K contains the text of the Disclosure Statement, including the Plan of
Reorganization as Exhibit 1 thereto. Exhibit 99.2 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 Disclosure Statement Relating to the Second Amended Joint Plan of
Reorganization of ContiFinancial Corporation and Affiliates Under
Chapter 11 of the Bankruptcy Code.
99.2 Notice of (A) Approval of Disclosure Statement; (B) Hearing on
Confirmation of Plan of Reorganization; (C) Deadline for Filing
Objections to Confirmation of the Plan; (D) Deadline and Procedures for
Temporary Allowance of Claims and (E) Voting Deadline for Receipt of
Ballots.
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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: November 29, 2000
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EXHIBIT INDEX
Exhibit No. Document Description
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99.1 Disclosure Statement Relating to the Second Amended Joint Plan
of Reorganization of ContiFinancial Corporation and Affiliates
Under Chapter 11 of the Bankruptcy Code.
99.2 Notice of (A) Approval of Disclosure Statement; (B) Hearing on
Confirmation of Plan of Reorganization; (C) Deadline for
Filing Objections to Confirmation of the Plan; (D) Deadline
and Procedures for Temporary Allowance of Claims and (E)
Voting Deadline for Receipt of Ballots.
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