FIRST ALLIANCE CORP /DE/
8-K, 2000-11-21
ASSET-BACKED SECURITIES
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                                  UNITED STATES
                       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): November 13, 2000

                         Commission file number 0-28706

                           FIRST ALLIANCE CORPORATION
             (Exact name of registrant as specified in its charter)

             DELAWARE                                      33-0721183
             --------                                      ----------
  (State or other jurisdiction of                       (I.R.S. Employer
  incorporation or organization)                      Identification Number)


 17305 VON KARMAN AVENUE, IRVINE, CALIFORNIA                 92614
 -------------------------------------------                 -----
   (Address of principal executive offices)               (Zip code)


       Registrant's telephone number, including area code: (949) 224-8500

  (Former name or former address, if changed since last report): Not Applicable


ITEM 5.  OTHER EVENTS

         First Alliance Corporation has filed its October monthly operating
reports with the United States Bankruptcy Court for the Central District of
California. A copy of these reports for each bankrupt entity is attached hereto
as Exhibits 99.1, 99.2, 99.3 and 99.4.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (a)      Financial Statements - not applicable.

         (b)      Pro forma financial information - not applicable.

<PAGE>


         (c) Exhibits

                  (99.1)   Monthly Operating Report for the month of October -
                           First Alliance Corporation, a Delaware Corporation,
                           SA 00-12371 LR

                  (99.2)   Monthly Operating Report for the month of October -
                           First Alliance Mortgage Company, a California
                           Corporation, SA 00-12370 LR

                  (99.3)   Monthly Operating Report for the month of October -
                           First Alliance Mortgage Company, Minnesota, a
                           Minnesota Corporation, SA 00-12372 LR

                  (99.4)   Monthly Operating Report for the month of October -
                           First Alliance Portfolio Services, a Nevada
                           Corporation, SA 00-12373 LR


                                    SIGNATURE

         Pursuant to the requirements of Section 13 or 15(d) 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.

Date:       November 20, 2000
        ----------------------------
                                                FIRST ALLIANCE CORPORATION


                                                By: /S/ FAEZ KAABI
                                                    ----------------------------
                                                          Faez Kaabi
                                                        Vice President
                                                        and Controller

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