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                                                                                                         <H1 align=right> <FONT FACE="Times New Roman, Times, Serif" size=2 >    Registration No. 333-_______&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></H1>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >SECURITIES
AND EXCHANGE COMMISSION<br>

Washington,
D.C. 20549</FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >FORM S-8<br>

REGISTRATION
STATEMENT<br>

UNDER<br>

THE
SECURITIES ACT OF 1933</FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >ENCORE
CAPITAL GROUP, INC.<br>

(Exact Name
of Registrant as Specified in Its Charter)</FONT></H1>

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<Th WIDTH="35%" ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2 >Delaware</FONT></Th>
     <Th WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></Th>
     <Th WIDTH="25%" ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2 >48-1090909</FONT></Th></TR>
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     <Th  ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2 >(State or Other Jurisdiction</FONT></Th>
     <Th  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></Th>
     <Th ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2 >(I.R.S. Employer</FONT></Th></TR>
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     <Th ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2 >of Incorporation or Organization)</FONT></Th>
     <Th ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></Th>
     <Th ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2 >Identification No.)</FONT></Th></TR>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >5775 Roscoe Court,
San Diego, California 92123<br>

(Address of
Principal Executive Office) (Zip Code)</FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >ENCORE
CAPITAL GROUP, INC. 1999 EQUITY PARTICIPATION PLAN<br>

(Full Title
of the Plan)</FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >Carl C.
Gregory, III<br>

President
and Chief Executive Officer<br>

ENCORE
CAPITAL GROUP, INC.<br>

5775 Roscoe
Court<br>

San Diego,
California 92123<br>

(Name and
Address of Agent for Service)</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >(877)
445-4581<br>

(Telephone
Number, Including Area Code, of Agent For Service)</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >With copy to:<br>

Steven D.
Pidgeon<br>

Snell &amp;
Wilmer L.L.P.<br>

One Arizona Center<br>

Phoenix,
Arizona 85004<br>

(602)
382-6000</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >CALCULATION
OF REGISTRATION FEE</FONT></H1>



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     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Proposed Maximum</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Proposed Maximum </FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Amount Of</FONT></TH></TR>
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     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Title Of Securities</FONT>  </TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Amount To Be </FONT> </TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Offering</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Aggregate Offering</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Registration</FONT></TH></TR>
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     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >To Be Registered</FONT><HR SIZE=1 NOSHADE></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Registered(1)</FONT><HR SIZE=1 NOSHADE></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Price per Share(2)</FONT><HR SIZE=1 NOSHADE></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Price(2)</FONT> <HR SIZE=1 NOSHADE> </TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 >Fee</FONT><HR SIZE=1 NOSHADE></TH></TR>

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     <TD WIDTH="20%" ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2 >Common Stock,</FONT></TD>
     <TD WIDTH="20%" ALIGN=center><FONT FACE="Times New Roman, Times, Serif" size=2 >1,050,000&nbsp;</FONT></TD>
     <TD WIDTH="20%" ALIGN=center><FONT FACE="Times New Roman, Times, Serif" size=2 >$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.52</FONT></TD>
     <TD WIDTH="20%" ALIGN=center><FONT FACE="Times New Roman, Times, Serif" size=2 >$&nbsp;&nbsp;&nbsp;546,000&nbsp;</FONT></TD>
     <TD WIDTH="20%" ALIGN=center><FONT FACE="Times New Roman, Times, Serif" size=2 >$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50.23</FONT></TD></TR>
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     <TD ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2 >$0.01 par value</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>

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<TD WIDTH=3% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" size=-2 >(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" size=-2 >
      In the event of a stock split, stock dividend,  or similar  transaction  involving the Registrant's  Common Stock, in order to
         prevent  dilution,  the  number of shares  registered  shall be  automatically  increased  to cover the  additional  shares in
         accordance with Rule 416(a) under the Securities Act of 1933.</FONT>

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<TD WIDTH=3% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" size=-2 >(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
<TD WIDTH=97%><FONT FACE="Times New Roman, Times, Serif" size=-2 >
      Estimated  solely for the purpose of calculating the amount of the  registration  fee,  pursuant to Rules 457(c) and 457(h) of
         the Securities Act of 1933, on the basis of the last reported sale of the Registrant's Common Stock on July 26, 2002.</FONT>


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<P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Registration Statement also relates to the Form S-8 Registration Statement No.
333-36182 of MCM Capital Group, Inc. (which changed its name to Encore Capital
Group, Inc. on April 2, 2002), filed on May 3, 2002, the contents of which are
incorporated herein by reference pursuant to General Instruction E to Form S-8.
Under such Registration Statement the Registrant registered 250,000 shares of
common stock for issuance under the MCM Capital Group, Inc. 1999 Equity
Participation Plan. This Registration Statement reflects the amendment to the
1999 Equity Participation Plan increasing the number of shares authorized to be
issued thereunder from 250,000 shares to 1,300,000 shares. </FONT></P>

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<TD ></TD>
     <TD ALIGN=center colspan=2><FONT FACE="Times New Roman, Times, Serif" size=2 >Item 8.&nbsp;Exhibits.</FONT></TD>

     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT" colspan=2><FONT FACE="Times New Roman, Times, Serif" size=2 ><u>Exhibit Number</u></FONT></TD>

     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><u>Description</u></FONT></TD></TR>
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<TD WIDTH="5%" ALIGN="LEFT"></TD>
     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >4.1</FONT></TD>
     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD WIDTH="75%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Certificate of Incorporation of the Registrant, as currently in effect</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >(incorporated by reference to Exhibit 3.1 to Amendment No. 2 to the</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Registration Statement on Form S-1 of MCM Capital Group, Inc. filed on June 14,</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >1999 ("Amendment No. 2") and Exhibit 3.1 to Form 8-K of MCM Capital Group, Inc.</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >filed on April 4, 2002).</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >4.2</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >By-laws of the Company (incorporated by reference to Exhibit 3.2 to Amendment</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >No. 2).</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >4.3</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Encore Capital Group, Inc. 1999 Equity Participation Plan, as amended</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >(incorporated by reference to Appendix A to MCM Capital Group, Inc.'s proxy</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >statement dated October 25, 2000).</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >4.4</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Form of Option Agreement under Encore Capital Group, Inc. 1999 Equity</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Participation Plan (incorporated by reference to Exhibit 10.24 to Amendment No.</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >2).</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >5</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Opinion of Snell&amp; Wilmer L.L.P. (filed herewith).</FONT></FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >23.1</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Consent of Ernst &amp; Young LLP (filed herewith).</FONT></TD></TR>
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<TD ></TD>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >23.2</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Consent of BDO Seidman, LLP (filed herewith).</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >23.3</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Consent of Snell &amp; Wilmer L.L.P. (included in Exhibit 5).</FONT></TD></TR>
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<TD ></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >24</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Power of Attorney (filed herewith).</FONT></TD></TR>
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<P align="center"><FONT size="2">2</FONT></P><br><br><br><br>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >SIGNATURES</FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of San
Diego, state of California, on this 29th day of July, 2002. </FONT></P>

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     <TD WIDTH="35%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
     <TD WIDTH="65%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>ENCORE CAPITAL GROUP, INC., a Delaware corporation</FONT></TD></TR>
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<FONT FACE="Times New Roman, Times, Serif" size=2>By: <u>/s/ Carl C. Gregory, III
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TD></tr>


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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2></FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carl C. Gregory, III</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2></FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer</FONT></TD></TR>
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<P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities and on the date
indicated. </FONT></P>

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     <TD WIDTH="27%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>/s/Carl C. Gregory, III</U></FONT></TD>
     <TD WIDTH="44%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >President, Chief Executive Officer and</FONT></TD>
     <TD WIDTH="18%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July 29, 2002</FONT></TD>
     <TD WIDTH="11%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Carl. C. Gregory, III</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Director (Principal Executive Officer)</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>/s/Barry R. Barkley</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Executive Vice President and Chief Financial</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July 29, 2002</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Barry R. Barkley</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Officer (Principal Accounting and Financial</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Officer)</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>/s/Eric D. Kogan*</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Chairman of the Board of Directors</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July 29, 2002</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Eric D. Kogan</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,2002</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Peter W. May</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,2002</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Robert M. Whyte</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>/s/Raymond Fleming*</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July 29, 2002</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Raymond Fleming</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>/s/Richard A. Mandell*</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July 29, 2002</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Richard A. Mandell</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>*&nbsp;&nbsp;&nbsp;/s/ Carl C. Gregory, III</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD></TR>
</table>
<P><FONT FACE="Times New Roman, Times, Serif" size=2 >As attorney-in-fact pursuant to power of attorney dated on or about July 23, 2002</FONT></P>


<br><br><br><br>
<P align="center"><FONT size="2">3</FONT></P><br><br><br><br>
<hr width=100% size=2 color=black noshade>



<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >EXHIBIT INDEX</FONT></H1>


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<TD WIDTH="5%"> </TD>
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     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD WIDTH="75%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD></TR>
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<TD WIDTH="5%"> </TD>
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<TD WIDTH="5%"> </TD>

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<TD WIDTH="5%"> </TD>
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     <TD Colspan=2 ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><u>Exhibit Number</u></FONT></TD>

     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><u>Description and Method of Filing</u></FONT></TD></TR>

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     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
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<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
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     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TH></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >4.1</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Certificate of Incorporation of the Registrant, as currently in effect</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >(incorporated by reference to Exhibit 3.1 to Amendment No. 2 to the</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Registration Statement on Form S-1 of MCM Capital Group, Inc. filed on June 14,</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >1999 (&laquo;Amendment No. 2&raquo;) and Exhibit 3.1 to Form 8-K of MCM Capital Group, Inc.</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >filed on April 4, 2002).</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >4.2</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >By-laws of the Company (incorporated by reference to Exhibit 3.2 to Amendment</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >No. 2).</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >4.3</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Encore Capital Group, Inc. 1999 Equity Participation Plan, as amended</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >(incorporated by reference to Appendix A to MCM Capital Group, Inc.&acute;s proxy</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >statement dated October 25, 2000).</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >4.4</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Form of Option Agreement under Encore Capital Group, Inc. 1999 Equity</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Participation Plan (incorporated by reference to Exhibit 10.24 to Amendment No.</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >2).</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >5</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Opinion of Snell &amp; Wilmer L.L.P. (filed herewith).</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >23.1</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Consent of Ernst &amp; Young LLP (filed herewith).</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >23.2</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Consent of BDO Seidman, LLP (filed herewith).</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >23.3</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Consent of Snell &amp; Wilmer L.L.P. (included in Exhibit 5).</FONT></TD></TR>
<TR VALIGN="BOTTOM">
<TD> </TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >24</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Power of Attorney (filed herewith).</FONT></TD></TR>
</TABLE>
<br><br><br><br>
<P align="center"><FONT size="2">4</FONT></P><br><br><br><br>
<hr width=100% size=2 color=black noshade>



                                                                                                                              <P align=right><FONT FACE="Times New Roman, Times, Serif" size=2 >Exhibit 5</font></P>

                                                    <P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 > July 29, 2002</font></P>




<P><FONT FACE="Times New Roman, Times, Serif" size=2 >Securities and Exchange Commission<br>
450 Fifth Street, N.W.<br>
Washington, D.C. 20549</FONT></P><br>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Encore Capital Group, Inc. 1999 Equity Participation Plan</FONT></P><br>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >Ladies and Gentlemen:</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have acted as counsel to Encore Capital Group, Inc., a Delaware corporation (the
&#147;Company&#148;), in connection with its Registration Statement on Form S-8
(the &#147;Registration Statement&#148;) filed under the Securities Act of 1933,
relating to the registration of 1,050,000 shares of its common stock, $.01 par
value (the &#147;Shares&#148;), issuable pursuant to the Encore Capital Group,
Inc. 1999 Equity Participation Plan (the &#147;Plan&#148;). </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
that connection, we have examined such documents, corporate records, and other
instruments as we have deemed necessary or appropriate for purposes of this
opinion, including the Articles of Incorporation and Bylaws of the Company.
Based upon the foregoing, we are of the opinion that: </FONT></P>

                           <TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=35% ALIGN=RIGHT><P><FONT FACE="Times New Roman, Times, Serif" size=2 >i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> </P></TD>
<TD WIDTH=65%><P><FONT FACE="Times New Roman, Times, Serif" size=2 >
       The Company has been duly organized and is validly existing as a corporation under the laws of the
                                    State of Delaware.
</FONT></P>
</TD>
</TR>
</TABLE>
                         <TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=35% ALIGN=RIGHT><P><FONT FACE="Times New Roman, Times, Serif" size=2 >ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT> </P></TD>
<TD WIDTH=65%><P><FONT FACE="Times New Roman, Times, Serif" size=2 >
       The Shares, when issued and sold in accordance with the terms of the Plan, will be validly issued,
                                    fully paid, and non-assessable.</FONT></P>
</TD>
</TR>
</TABLE>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
hereby consent to the use of this opinion as an exhibit to the Registration
Statement. </FONT></P>

                                                    <P ALIGN=CENTER> <FONT FACE="Times New Roman, Times, Serif" size=2 >Very truly yours,</FONT></P>

                                                     <P ALIGN=CENTER> <FONT FACE="Times New Roman, Times, Serif" size=2 >SNELL &amp; WILMER L.L.P.</FONT></P>




<br><br><br><br>
<P align="center"><FONT size="2">5</FONT></P><br><br><br><br>
<hr width=100% size=2 color=black noshade>






                                                                                                                       <P ALIGN=right> <FONT FACE="Times New Roman, Times, Serif" size=2 >    Exhibit 23.1</font></p>
                                                    <P ALIGN=CENTER><P ALIGN=CENTER> <FONT FACE="Times New Roman, Times, Serif" size=2 >Consent of Independent Auditors</font><P ALIGN=CENTER> </P>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
consent to the incorporation by reference in the Registration Statement (Form
S-8) pertaining to the 1999 Equity Participation Plan of Encore Capital Group,
Inc. of our report dated February 2, 2001 with respect to the consolidated
financial statements of Encore Capital Group, Inc. (formerly MCM Capital Group,
Inc.) as of December 31, 2000 and for each of the two years in the period then
ended included in its Annual Report (Form 10-K) for the year ended December 31,
2001 filed with the Securities and Exchange Commission. </FONT></P>

                                                                                                                 <P ALIGN=right> <FONT FACE="Times New Roman, Times, Serif" size=2 >      Ernst &amp; Young LLP</font></p>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >Kansas City, Missouri<br>
July 22, 2002</FONT></P>


<br><br><br><br>
<P align="center"><FONT size="2">6</FONT></P><br><br><br><br>
<hr width=100% size=2 color=black noshade>



<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >EXHIBIT 23.2</FONT></p>

<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >Consent of
Independent Auditors</FONT></p>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
consent to the incorporation by reference in the Registration Statement on Form
S-8 pertaining to the Encore Capital Group, Inc. 1999 Equity Participation Plan,
as amended, of our report dated March 11, 2002 with respect to the consolidated
financial statements of Encore Capital Group, Inc. included in the Annual Report
on Form 10-K as of and for the year ended December 31, 2001. </FONT></P>

                                                                                                    <P align=right><FONT FACE="Times New Roman, Times, Serif" size=2 >                /s/BDO Seidman, LLP<br>
                                                                                                                       BDO Seidman, LLP</font></p>

<P><FONT FACE="Times New Roman, Times, Serif" size=2 >Orange County, California<br>
July 22, 2002</FONT></P>

<br><br><br><br>
<P align="center"><FONT size="2">7</FONT></P><br><br><br><br>
<hr width=100% size=2 color=black noshade>



                                                                                                           <P align=right><FONT FACE="Times New Roman, Times, Serif" size=2 >                    Exhibit 24</font></p>


<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" size=2 >POWER OF ATTORNEY</FONT></P>

            <P><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS,  that each person whose signature  appears below  constitutes and appoints CARL C. GREGORY,
III and BARRY R. BARKLEY,  and each of them, his true and lawful  attorneys-in-fact  and agents,  with full power of  substitution  and
resubstitution  for him in his name,  place and  stead,  in any and all  capacities,  to sign the  Registration  Statement  on Form S-8
relating to the Encore Capital Group, Inc. 1999 Equity  Participation Plan, and any and all amendments  thereto,  and to file the same,
with all exhibits  thereto and other  documents in connection  therewith,  with the Securities and Exchange  Commission,  granting unto
said  attorneys-in-fact  and  agents,  and each of them,  full  power  and  authority  to do and  perform  each and every act and thing
requisite  and  necessary  to be done in and about the  premises as fully and to all  intents  and  purposes as he might or could do in
person hereby  ratifying and confirming all that said  attorneys-in-fact  and agents,  or his or their  substitute or substitutes,  may
lawfully do or cause to be done by virtue hereof.</FONT></P>



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     <TD WIDTH="51%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July 23, 2002</FONT></TD>
     <TD WIDTH="25%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD WIDTH="24%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>/s/Eric D. Kogan</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD></TR>

<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Eric D. Kogan</FONT></TD></TR>

<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2002</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Peter W. May</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July 23, 2002</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>/s/ Richard A. Mandell</U></FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2002</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Robert M. Whyte</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >July 26, 2002</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ><U>/s/ Raymond Fleming</U></FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >&nbsp;&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 ></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2 >Raymond Fleming</FONT></TD></TR>
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{"company-data": {"conformed-name": "ENCORE CAPITAL GROUP INC", "cik": "0001084961", "assigned-sic": "6153", "irs-number": "481090909", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-97297", "film-number": "02713845"}, "business-address": {"street1": "5775 ROSECOE COURT", "city": "SAN DIEGO", "state": "CA", "zip": "92123", "phone": "8007590327"}, "mail-address": {"street1": "5775 ROSCOE COURT", "city": "SAN DIEGO", "state": "CA", "zip": "92123"}, "former-company": [{"former-conformed-name": "MIDLAND CORP OF KANSAS", "date-changed": "19990423"}, {"former-conformed-name": "MCM CAPITAL GROUP INC", "date-changed": "19990430"}]}
forms8july2002
Registration No. 333-_______
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM S-8
REGISTRATION
STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
ENCORE
CAPITAL GROUP, INC.
(Exact Name
of Registrant as Specified in Its Charter)
Delaware
48-1090909
(State or Other Jurisdiction
(I.R.S. Employer
of Incorporation or Organization)
Identification No.)
5775 Roscoe Court,
San Diego, California 92123
(Address of
Principal Executive Office) (Zip Code)
ENCORE
CAPITAL GROUP, INC. 1999 EQUITY PARTICIPATION PLAN
(Full Title
of the Plan)
Carl C.
Gregory, III
President
and Chief Executive Officer
ENCORE
CAPITAL GROUP, INC.
5775 Roscoe
Court
San Diego,
California 92123
(Name and
Address of Agent for Service)
(877)
445-4581
(Telephone
Number, Including Area Code, of Agent For Service)
With copy to:
Steven D.
Pidgeon
Snell &
Wilmer L.L.P.
One Arizona Center
Phoenix,
Arizona 85004
(602)
382-6000
CALCULATION
OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Amount Of
Title Of Securities
Amount To Be
Offering
Aggregate Offering
Registration
To Be Registered
Registered(1)
Price per Share(2)
Price(2)
Fee
Common Stock,
1,050,000
$     0.52
$   546,000
$     50.23
$0.01 par value
(1)
In the event of a stock split, stock dividend,  or similar  transaction  involving the Registrant's  Common Stock, in order to
         prevent  dilution,  the  number of shares  registered  shall be  automatically  increased  to cover the  additional  shares in
         accordance with Rule 416(a) under the Securities Act of 1933.
(2)
Estimated  solely for the purpose of calculating the amount of the  registration  fee,  pursuant to Rules 457(c) and 457(h) of
         the Securities Act of 1933, on the basis of the last reported sale of the Registrant's Common Stock on July 26, 2002.
This
Registration Statement also relates to the Form S-8 Registration Statement No.
333-36182 of MCM Capital Group, Inc. (which changed its name to Encore Capital
Group, Inc. on April 2, 2002), filed on May 3, 2002, the contents of which are
incorporated herein by reference pursuant to General Instruction E to Form S-8.
Under such Registration Statement the Registrant registered 250,000 shares of
common stock for issuance under the MCM Capital Group, Inc. 1999 Equity
Participation Plan. This Registration Statement reflects the amendment to the
1999 Equity Participation Plan increasing the number of shares authorized to be
issued thereunder from 250,000 shares to 1,300,000 shares.
Item 8. Exhibits.
Exhibit Number
Description
4.1
Certificate of Incorporation of the Registrant, as currently in effect
(incorporated by reference to Exhibit 3.1 to Amendment No. 2 to the
Registration Statement on Form S-1 of MCM Capital Group, Inc. filed on June 14,
1999 ("Amendment No. 2") and Exhibit 3.1 to Form 8-K of MCM Capital Group, Inc.
filed on April 4, 2002).
4.2
By-laws of the Company (incorporated by reference to Exhibit 3.2 to Amendment
No. 2).
4.3
Encore Capital Group, Inc. 1999 Equity Participation Plan, as amended
(incorporated by reference to Appendix A to MCM Capital Group, Inc.'s proxy
statement dated October 25, 2000).
4.4
Form of Option Agreement under Encore Capital Group, Inc. 1999 Equity
Participation Plan (incorporated by reference to Exhibit 10.24 to Amendment No.
2).
5
Opinion of Snell& Wilmer L.L.P. (filed herewith).
23.1
Consent of Ernst & Young LLP (filed herewith).
23.2
Consent of BDO Seidman, LLP (filed herewith).
23.3
Consent of Snell & Wilmer L.L.P. (included in Exhibit 5).
24
Power of Attorney (filed herewith).
2
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of San
Diego, state of California, on this 29th day of July, 2002.
ENCORE CAPITAL GROUP, INC., a Delaware corporation
By:
/s/ Carl C. Gregory, III
Carl C. Gregory, III
President and Chief Executive Officer
Pursuant
to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities and on the date
indicated.
/s/Carl C. Gregory, III
President, Chief Executive Officer and
July 29, 2002
Carl. C. Gregory, III
Director (Principal Executive Officer)
/s/Barry R. Barkley
Executive Vice President and Chief Financial
July 29, 2002
Barry R. Barkley
Officer (Principal Accounting and Financial
Officer)
/s/Eric D. Kogan*
Chairman of the Board of Directors
July 29, 2002
Eric D. Kogan
Director
July      ,2002
Peter W. May
Director
July      ,2002
Robert M. Whyte
/s/Raymond Fleming*
Director
July 29, 2002
Raymond Fleming
/s/Richard A. Mandell*
Director
July 29, 2002
Richard A. Mandell
*   /s/ Carl C. Gregory, III
As attorney-in-fact pursuant to power of attorney dated on or about July 23, 2002
3
EXHIBIT INDEX
Exhibit Number
Description and Method of Filing
4.1
Certificate of Incorporation of the Registrant, as currently in effect
(incorporated by reference to Exhibit 3.1 to Amendment No. 2 to the
Registration Statement on Form S-1 of MCM Capital Group, Inc. filed on June 14,
1999 («Amendment No. 2») and Exhibit 3.1 to Form 8-K of MCM Capital Group, Inc.
filed on April 4, 2002).
4.2
By-laws of the Company (incorporated by reference to Exhibit 3.2 to Amendment
No. 2).
4.3
Encore Capital Group, Inc. 1999 Equity Participation Plan, as amended
(incorporated by reference to Appendix A to MCM Capital Group, Inc.´s proxy
statement dated October 25, 2000).
4.4
Form of Option Agreement under Encore Capital Group, Inc. 1999 Equity
Participation Plan (incorporated by reference to Exhibit 10.24 to Amendment No.
2).
5
Opinion of Snell & Wilmer L.L.P. (filed herewith).
23.1
Consent of Ernst & Young LLP (filed herewith).
23.2
Consent of BDO Seidman, LLP (filed herewith).
23.3
Consent of Snell & Wilmer L.L.P. (included in Exhibit 5).
24
Power of Attorney (filed herewith).
4
Exhibit 5
July 29, 2002
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re:          Encore Capital Group, Inc. 1999 Equity Participation Plan
Ladies and Gentlemen:
We
have acted as counsel to Encore Capital Group, Inc., a Delaware corporation (the
"Company"), in connection with its Registration Statement on Form S-8
(the "Registration Statement") filed under the Securities Act of 1933,
relating to the registration of 1,050,000 shares of its common stock, $.01 par
value (the "Shares"), issuable pursuant to the Encore Capital Group,
Inc. 1999 Equity Participation Plan (the "Plan").
In
that connection, we have examined such documents, corporate records, and other
instruments as we have deemed necessary or appropriate for purposes of this
opinion, including the Articles of Incorporation and Bylaws of the Company.
Based upon the foregoing, we are of the opinion that:
i.
The Company has been duly organized and is validly existing as a corporation under the laws of the
                                    State of Delaware.
ii.
The Shares, when issued and sold in accordance with the terms of the Plan, will be validly issued,
                                    fully paid, and non-assessable.
We
hereby consent to the use of this opinion as an exhibit to the Registration
Statement.
Very truly yours,
SNELL & WILMER L.L.P.
5
Exhibit 23.1
Consent of Independent Auditors
We
consent to the incorporation by reference in the Registration Statement (Form
S-8) pertaining to the 1999 Equity Participation Plan of Encore Capital Group,
Inc. of our report dated February 2, 2001 with respect to the consolidated
financial statements of Encore Capital Group, Inc. (formerly MCM Capital Group,
Inc.) as of December 31, 2000 and for each of the two years in the period then
ended included in its Annual Report (Form 10-K) for the year ended December 31,
2001 filed with the Securities and Exchange Commission.
Ernst & Young LLP
Kansas City, Missouri
July 22, 2002
6
EXHIBIT 23.2
Consent of
Independent Auditors
We
consent to the incorporation by reference in the Registration Statement on Form
S-8 pertaining to the Encore Capital Group, Inc. 1999 Equity Participation Plan,
as amended, of our report dated March 11, 2002 with respect to the consolidated
financial statements of Encore Capital Group, Inc. included in the Annual Report
on Form 10-K as of and for the year ended December 31, 2001.
/s/BDO Seidman, LLP
BDO Seidman, LLP
Orange County, California
July 22, 2002
7
Exhibit 24
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS,  that each person whose signature  appears below  constitutes and appoints CARL C. GREGORY,
III and BARRY R. BARKLEY,  and each of them, his true and lawful  attorneys-in-fact  and agents,  with full power of  substitution  and
resubstitution  for him in his name,  place and  stead,  in any and all  capacities,  to sign the  Registration  Statement  on Form S-8
relating to the Encore Capital Group, Inc. 1999 Equity  Participation Plan, and any and all amendments  thereto,  and to file the same,
with all exhibits  thereto and other  documents in connection  therewith,  with the Securities and Exchange  Commission,  granting unto
said  attorneys-in-fact  and  agents,  and each of them,  full  power  and  authority  to do and  perform  each and every act and thing
requisite  and  necessary  to be done in and about the  premises as fully and to all  intents  and  purposes as he might or could do in
person hereby  ratifying and confirming all that said  attorneys-in-fact  and agents,  or his or their  substitute or substitutes,  may
lawfully do or cause to be done by virtue hereof.
July 23, 2002
/s/Eric D. Kogan
Eric D. Kogan
July     , 2002
Peter W. May
July 23, 2002
/s/ Richard A. Mandell
Richard A. Mandell
July      , 2002
Robert M. Whyte
July 26, 2002
/s/ Raymond Fleming
Raymond Fleming