8-K

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): September 30, 2015

ASTA FUNDING, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-35637	22-3388607
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

210 Sylvan Avenue, Englewood Cliffs, New Jersey 07632

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: 201-567-5648

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

On October 1, 2015, CBC Settlement Funding, LLC, a consolidated subsidiary of Asta Funding, Inc. (the “Company”), issued a press release titled “CBC Settlement Funding Announces Completion of BBRV 2015-A Private Placement Note Offering” (the “Press Release”), relating to the completion of its private placement of fixed rate asset-backed notes. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety. The information in the Press Release is intended to be furnished under this Item 8.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits

Exhibit Number	Description
99.1	Press Release dated October 1, 2015

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SIGNATURE

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.

	ASTA FUNDING, INC.
Date: October 1, 2015	By:	/s/ Robert J. Michel
		Robert J. Michel
		Chief Financial Officer

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EX-99.1

Exhibit 99.1

CBC Settlement Funding Completes BBRV 2015-A Private Placement Note Offering

Conshohocken, PA Oct. 1, 2015 — CBC Settlement Funding, LLC (“CBC”), is pleased to announce the completion of its fifth private placement backed by fixed annuity and structured settlement payments. On September 30, 2015, through its subsidiary BBRV, LLC, the Conshohocken based company issued $16,550,641 of fixed rate asset-backed notes with a yield of 5.07%.

William Skyrm, CEO and Co-founder of CBC Settlement Funding, LLC, commented, “We are excited about the continued interest from our investor base in our structured settlement and annuity receivables.” Mr. Skyrm concluded, “We are extremely pleased with the execution of this transaction resulting from increased institutional demand due to the attractive yield relative to the risk profile of the asset class.”

ABOUT STRUCTURED SETTLEMENTS

Structured settlements are commonly used in the settlement of personal injury lawsuits to spread payouts over 10, 20 or 30 years. The secondary market for structured settlement annuity transfers is a highly regulated market place offering clients liquidity options for otherwise inflexible assets. In 2002, Congress passed IRC 5891 affirming the tax benefits of structured settlements but requiring compliance with all applicable state or federal laws. Today, 49 states have enacted structured settlement protection acts requiring court review and approval of each structured settlement transfer.

ABOUT CBC SETTLEMENT FUNDING, LLC

CBC Settlement Funding, LLC is a Conshohocken, PA based purchaser of illiquid assets such as periodic structured settlement, annuity and other deferred payments. CBC is a consolidated subsidiary of Englewood Cliffs, New Jersey based Asta Funding, Inc. (NASDAQ: ASFI) (Asta). CBC has purchased over $100 million in future payments from consumers providing them with liquidity from their annuity backed assets. For more information, visit their website at http://www.cbcsettlementfunding.com

Contact:

James Goodman, President and Co-founder

CBC Settlement Funding, LLC

215-542-2132

181 Washington Ave., Suite 375 – Conshohocken, PA 19428

Phone: 877.386.3377 – Fax 215-434-6222

www.cbcsettlementfunding.com