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  <TITLE> Asset Acceptance Capital Corp. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	February 16, 2006
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  	Asset Acceptance Capital Corp.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-50552
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  	80-00767779
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	28405 Van Dyke Avenue, Warren, Michigan
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  	48093
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	586-939-9600
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  	Not Applicable
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  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  Item 1.01.  Entry into a Material Definitive Agreement.<br><br>On February 14, 2006, the Compensation Committee ("Committee") of the Board of Directors (the "Board") of Asset Acceptance Capital Corp. (the "Company") approved the following executive compensation arrangements.  <br><br><br>Salary Adjustments for Certain Executive Officers<br><br>    The Committee approved the following salaries for the executive officers of the Company, effective March 1, 2006:<br><br><br>Nathaniel F. Bradley IV	       $375,000<br><br><br><br><br><br><br>
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  	SIGNATURES
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  	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.
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  	Asset Acceptance Capital Corp.
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  <I>
  	February 16, 2006
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  	By:
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  	Nathaniel F. Bradley, IV
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  <I>
  	Name: Nathaniel F. Bradley, IV
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  	Title: President and CEO
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_10273.htm", "description": "LIVE FILING", "secsgml_size_bytes": 8796}]
metadata_filer: {"company-data": {"conformed-name": "ASSET ACCEPTANCE CAPITAL CORP", "cik": "0001264707", "assigned-sic": "6153", "irs-number": "800076779"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50552", "film-number": "06623645"}, "business-address": {"street1": "28405 VAN DYKE AVENUE", "city": "WARREN", "state": "MI", "zip": "48093", "phone": "(586) 939-9600"}, "mail-address": {"street1": "28405 VAN DYKE AVENUE", "city": "WARREN", "state": "MI", "zip": "48093"}}
text: Asset Acceptance Capital Corp. (Form: 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):
  February 16, 2006
  Asset Acceptance Capital Corp.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-50552
  80-00767779
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  28405 Van Dyke Avenue, Warren, Michigan
  48093
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  586-939-9600
  Not Applicable
  ______________________________________________
  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:
  [  ]  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))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  Item 1.01.  Entry into a Material Definitive Agreement.
  On February 14, 2006, the Compensation Committee ("Committee") of the Board of Directors (the "Board") of Asset Acceptance Capital Corp. (the "Company") approved the following executive compensation arrangements.
  Salary Adjustments for Certain Executive Officers
  The Committee approved the following salaries for the executive officers of the Company, effective March 1, 2006:
  Nathaniel F. Bradley IV	       $375,000
  Top of the Form
  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.
  Asset Acceptance Capital Corp.
  February 16, 2006
  By:
  Nathaniel F. Bradley, IV
  Name: Nathaniel F. Bradley, IV
  Title: President and CEO