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OMB
APPROVAL
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OMB
Number: 3235-0145
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No. )*
ANCHOR FUNDING SERVICES,
INC.
(Name
of
Issuer)
Common
Stock
(Title
of Class of Securities)
032904
10 4
(CUSIP
Number)
Steven
Morse, Esq., Morse
& Morse, PLLC., 1400 Old Country Road, Westbury, NY 11590
(516-487-1446)
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December
31,
2007
(Date
of
Event which Requires Filing of this Statement)
If
the
filingIn the filing person has previously filed a statement on Schedule 13G
to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) 13d-1 (b)(3)or (4), check
the following box 9.
Check
the Check the following box if a fee is being paid with the statement
[ ]. (A fee is not required only if the reporting person:
(1) has a previous statement on file reporting beneficial
ownership ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
five such class.) (See Rule 13d-7.)
Note:
Six cNote:
Six copies of this statement, including all exhibits, should be filed with
the
Commission. See Rule 13d-1(a) for other parties to whom copies are
sent.
*The
remai*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containin
containing information which would alter disclosures provided in a prior
cover page.
The
informThe information required on the remainder of this cover page shall not
be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act ("ACT") or otherwise subject to subject to the
liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
1
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CUSIP
No. 032904 10 4
|
Page 2 of 5 Pages | |||
|
1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Brad
Bernstein
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|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a) [ ]
(b) [X]
|
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS*
NOT
APPLICABLE
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d)
OR 2(e)
|
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
633,334
|
|
8
|
SHARED
VOTING POWER
|
|
|
9
|
SOLE
DISPOSITIVE POWER
633,334
|
|
|
10
|
SHARED
DISPOSITIVE POWER
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
633,334
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
Excludes
options to purchase 316,666 shares owned by Mr. Bernstein which vest
on
February 28, 2009 and 2,000,000 shares owned by Ilissa
Bernstein.
|
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- Common [3.1% voting capital stock]
|
|
14
|
TYPE
OF REPORTING PERSON*
IN
|
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE
BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2
|
CUSIP
No. 032904 10 4
|
Page 3 of 5 Pages | |||
|
1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ilissa
Bernstein
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP*
(a) [ ]
(b)
[ X]
|
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS*
NOT
APPLICABLE
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d)
OR 2(e)
|
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
2.000,000
|
|
8
|
SHARED
VOTING POWER
|
|
|
9
|
SOLE
DISPOSITIVE POWER
2,000,000
|
|
|
10
|
SHARED
DISPOSITIVE POWER
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000,000
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
Excludes
securities owned by Brad Bernstein.
|
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.1%
-
Common (9.9% voting capital stock)
|
|
14
|
TYPE
OF REPORTING PERSON*
IN
|
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE
BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
3
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CUSIP
No. 032904 10 4
|
Page 4 of 5 Pages | |||
On
June 29, 2007, the Issuer became a
reporting company under Section 12(g) of the Securities and Exchange Act of
1934, as amended, when its Form 10-SB (filed on April 30, 2007) became effective
(File No. 0-52589). This Schedule 13D is being filed for the reporting person
who was a 5% or greater stockholder at the time that the Form 10-SB became
effective in lieu of a Schedule 13G. For this reason, all references
to source of funds have been answered not applicable.
Item
1.
Security and Issuer
This
statement relates to the Common Stock of Anchor Funding Services, Inc. (the
“Issuer”). The Issuer’s executive office is located at 10801 Johnston
Road, Suite 210, Charlotte, NC 28226
Item
2.
Identity and Background
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(a)
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Brad
Bernstein
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(b)
800 Yamato Road, Boca Raton, Florida 33431
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(c)
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President
of the Issuer.
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(d)
Not applicable.
|
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(e)
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Not
applicable.
|
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(f)
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USA
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-----------------
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(a)
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Ilissa
Bernstein
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(b)
800 Yamato Road, Boca Raton, Florida 33431
|
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(c)
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Presently
not employed.
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(d)
Not applicable.
|
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(e)
|
Not
applicable.
|
|
|
(f)
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USA
|
Item
3.
Source and Amount of Funds or Other Consideration
Not
applicable.
Item
4.
Purpose of Transactions
|
(a)
|
-
(j) Not applicable.
|
This
filing is being made as a result of the effectiveness of the Issuer’s
registration statement on Form 10. Each of the Reporting Persons has acquired
the securities covered by this schedule for investment purposes only,
notwithstanding the fact that Mr. Bernstein is a director of the Issuer. The
Reporting Persons do not have any present plans or proposals that relate to
or
would result in any of the actions required to be described in item 4 of
Schedule 13D. However, Mr. Bernstein, as a director of the Issuer, may in the
future take actions in his fiduciary duty that would otherwise be required
to be
described in Item 4 of Schedule 13-D. Each of the Reporting Persons may at
any
time review or reconsider its position with respect to the Issuer and formulate
plans or proposals with respect to any of such matters, but has no present
intention of doing so.
4
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CUSIP
No. 032904 10 4
|
Page 5 of 5 Pages | |||
Item
5.
Interest in Securities of the Issuer
(a)
-
(b) As of December 31, 2007, the Issuer has outstanding 11,820,555
shares of Common Stock and 1,342,500 shares of Series 1 Preferred Stock with
the
voting rights of 7,770,000 common shares. Of the foregoing shares of Common
Stock, the reporting persons beneficially own 2,633,334 shares of Common Stock
(inclusive of outstanding options to purchase 633,334 shares, but excluding
options to purchase 316,666 shares which vest on February 28, 2009 ),
representing 21.1% of the outstanding Common Stock, and 13.0% of the voting
capital stock. Brad Bernstein has the sole power to dispose of and vote 633,334
shares of Common Stock owned by him upon exercise of a like number of options.
Ilissa Bernstein has the sole power to vote and dispose of 2,000,000 shares
held
by her. Nevertheless, Brad Bernstein and Ilissa Bernstein who are married may
be
deemed to have the shared power to vote and dispose of 2,633,334
shares.
(c) Not
Applicable.
(d)
-
(e) Not Applicable
Item
6.
Contracts, Arrangements, Understandings or Relationships with Respect
to the
Securities of the Issuer.
Mr.
Bernstein’s employment contract dated as of January 31, 2007 provides for the
Reporting Person to be President of the Issuer.
Item
7.
Materials to be filed as Exhibits
Employment
contract entered into as of January 31, 2007. (Incorporated by reference to
Exhibit 10.3 contained in the Registrant’s Form 10-SB filed with the SEC on
April 30, 2007).
Signature
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
Dated: January
9, 2008
Signature
By: /s/ Brad
Bernstein
Brad
Bernstein
/s/
Ilissa
Bernstein
Illissa Bernstein
5