SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 12, 1998
FIRST ENTERPRISE FINANCIAL GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
ILLINOIS 0-21075 36-3688499
(State or other (Commission File Number) (IRS Employer Identification No.)
Jurisdiction of
Incorporation)
500 DAVIS STREET, SUITE 1005
EVANSTON, ILLINOIS 60201
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: (847) 866-8665
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP
On March 12, 1998, First Enterprise Financial Group,
Inc. (the "Registrant") and its wholly owned subsidiary,
First Enterprise Acceptance Company, each filed a voluntary
petition in the United States Bankruptcy Court for the
Northern District of Illinois (the "Bankruptcy Court"),
Case Nos. 98 B 7542 and 98 B 7546, respectively, for
protection under Chapter 11 of the United States Bankruptcy
Code. The Registrant has negotiated debtor in possession
financing with its senior lending group which will permit
it to continue servicing retail installment sale contracts
through the end of March 1998. The Registrant will
continue to operate as a debtor-in-possession, with its
existing officers and directors, subject to the supervision
and orders of the Bankruptcy Court. As of the date of this
report, no plan of reorganization has been filed by the
Registrant and no trustee has been appointed.
<PAGE>
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 hereunto duly authorized.
FIRST ENTERPRISE FINANCIAL
GROUP, INC.
(Registrant)
By: /S/ MICHAEL P. HARRINGTON
Michael P. Harrington
President, Chief Executive Officer
and Director
Dated: March 12, 1998
