8-K

                       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 (Dated of earliest event reported): July 31, 2002

                             RESOURCE AMERICA, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


       Delaware                      0-4408                      72-0654145
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(State of incorporation            (Commission                (I.R.S. Employer
   or organization)                File Number)              Identification No.)


         1845 Walnut Street, 10th Floor, Philadelphia, PA     19103
         ------------------------------------------------------------
              (Address of principal executive offices)     (Zip code)


Registrant's telephone number, including area code (215) 546-5005
                                                   ---------------






Item 5   Other Events

         Effective July 31, 2002, Atlas Pipeline Partners, L.P. has exercised
its right under the contribution agreement, dated January 18, 2002, among Atlas
Pipeline Partners, Atlas Pipeline Partners GP, LLC, Resource America, Inc.,
Vulcan Intermediary, L.L.C. and New Vulcan Coal Holdings, L.L.C. to terminate
its agreement to acquire Triton Coal Company, L.L.C. Since consummation of the
contribution agreement was a condition to the consummation of the agreement of
energy subsidiaries of Resource America, Inc. to sell their 100% membership
interest in Atlas Pipeline Partners GP, LLC to New Vulcan Coal Holdings, L.L.C.
for $29.0 million in cash, that agreement is likewise terminated. Atlas Pipeline
Partners GP, LLC is the general partner of Atlas Pipeline Partners, L.P., a
publicly traded limited partnership that owns and operates gas gathering systems
in Western Pennsylvania, Western New York and Eastern Ohio. Resource America
currently owns 1,641,026 subordinated units of Atlas Pipeline Partners.

Item 7   Financial Statements and Exhibits

         (c)   Exhibits

               99   Press Release, July 31, 2002







                                   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.


                                            RESOURCE AMERICA, INC.

                                            By:  /s/ Steven J. Kessler
                                                 -----------------------------
                                            Name:  Steven J. Kessler
Date: August 1, 2002                        Title:  Chief Financial Officer

EX-99

                                                                          [LOGO]


                              FOR IMMEDIATE RELEASE
                              ---------------------


Contact:       Pamela Schreiber
               Investor Relations
               Resource America, Inc.
               1845 Walnut Street, 10th Floor
               Philadelphia, PA 19103
               (215) 546-5005
               (215) 546-5388 (facsimile)

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                 Resource America Inc. Announces Termination of
                             Agreements With Vulcan

Philadelphia, PA. July 31, 2002-Resource America, Inc. (NASDAQ:REXI) announced
today that the general partner of its majority-owned subsidiary, Atlas Pipeline
Partners, L.P. (AMEX:APL)(the "Partnership"), has exercised its right under the
contribution agreement, dated January 18, 2002, to terminate the agreement with
New Vulcan Coal Holdings, L.L.C. and Vulcan Intermediary, L.L.C. (collectively,
"Vulcan") to acquire Triton Coal Company, L.L.C. ("Triton"). Since consummation
of the contribution agreement was a condition for the consummation of the
agreement of energy subsidiaries of Resource America, Inc. to sell their 100%
membership interest in Atlas Pipeline Partners GP, LLC to Vulcan, that agreement
is likewise terminated.

Jonathan Cohen, Vice Chairman of the Partnership's general partner stated:
"Although we regret having to terminate this agreement, we are enthused about
the ongoing expansion of our gas gathering system and look forward to our
continuing control of the general partner, which is proving to be of great
benefit to Resource America, Inc."

Atlas Pipeline Partners GP, LLC is the general partner of Atlas Pipeline
Partners, L.P., a publicly traded limited partnership that owns and operates gas
gathering systems in western Pennsylvania, western New York and eastern Ohio.
Energy subsidiaries of Resource America, Inc. own the Partnership's general
partner, which owns 50.3% of the Partnership's common units.

Resource America, Inc. is a proprietary asset management company that uses
industry-specific expertise to generate and administer investment opportunities
for our own account and for outside investors in the energy, real estate and
equipment leasing industries.

Statements made in this release may include forward-looking statements, which
involve substantial risks and uncertainties. The Company's actual results,
performance or achievements could differ materially from those expressed of
implied in this release.