WESTERN FIDELITY FUNDING INC
8-K, 1997-08-19
PERSONAL CREDIT INSTITUTIONS
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                       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) August 4, 1997


                          WESTERN FIDELITY FUNDING INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)


         Colorado                     0-27156                  84-1148454
 ---------------------------      ---------------            -------------
(State or other jurisdiction     (Commission File           (IRS Employer
  of incorporation)                  Number)              Identification No.)


     4704 Harlan Street, Suite 260, Denver Colorado                80212
     ----------------------------------------------               --------
        (Address of principal executive offices)                 (Zip Code)


        Registrant's telephone number including area code: (303) 477-8404

<PAGE>


Item 3. BANKRUPTCY OR RECEIVERSHIP.

     On August 4, 1997,  Western  Fidelity  Funding,  Inc.  ("Company")  filed a
voluntary  petition for Chapter 11 bankruptcy  in the United  States  Bankruptcy
Court for the  District  of  Colorado.  The case number for this  proceeding  is
97-21344 RJB. The existing  directors  and officers  have retained  jurisdiction
over  substantially all of the assets and business of the Company subject to the
supervision and orders of the court.








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<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.

     Date: August 15, 1997

                                               WESTERN FIDELITY FUNDING, INC.


                                               By:/s/ Gene E. Osborn
                                                  ------------------------------
                                                  Gene E. Osborn, President







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