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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 14, 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>
  	(I.R.S. Employer
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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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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	586-939-9600
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  	Not Applicable
  <BR>______________________________________________<BR>
  	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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  <P><FONT SIZE="2">
  [&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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  <B>
  	Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
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  (b)  On February 14, 2006, Rufus H. Reitzel, Jr. announced to the Board of Directors of the Company that effective as of the end of business on February 28, 2006, he will retire from his position as Chairman and as a member of the Board of Directors of the Company.
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  	Item 8.01 Other Events.
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  On February 14, 2006, the Company's Board of Directors appointed Mr. Nathaniel F. Bradley IV as Chairman of the Board of the Company, effective as of March 1, 2006.  Mr. Bradley will retain his positions as President and Chief Executive Officer.<br><br>The Company has also created the position of Presiding Director and has appointed Mr. Anthony R. Ignaczak as Presiding Director. Among other duties, the Presiding Director will preside at executive sessions of the non-management Directors and  serve as the principal liaison between the Company's management and non-management directors.
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  	Item 9.01 Financial Statements and Exhibits.
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  Exhibits<br><br>Exhibit Number<br><br>    99               Press Release dated February 15, 2006
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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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  	&nbsp;&nbsp;
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  <I>
  	February 15, 2006
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  	By:
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  <I>
  	Nathaniel F. Bradley IV
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  <I>
  	Name: Nathaniel F. Bradley IV
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  	Title: President and Chief Executive Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	99
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  Press Release Dated February 15, 2006
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_10241.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10874}]
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": "06619674"}, "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 14, 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 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
  (b)  On February 14, 2006, Rufus H. Reitzel, Jr. announced to the Board of Directors of the Company that effective as of the end of business on February 28, 2006, he will retire from his position as Chairman and as a member of the Board of Directors of the Company.
  Item 8.01 Other Events.
  On February 14, 2006, the Company's Board of Directors appointed Mr. Nathaniel F. Bradley IV as Chairman of the Board of the Company, effective as of March 1, 2006.  Mr. Bradley will retain his positions as President and Chief Executive Officer.
  The Company has also created the position of Presiding Director and has appointed Mr. Anthony R. Ignaczak as Presiding Director. Among other duties, the Presiding Director will preside at executive sessions of the non-management Directors and  serve as the principal liaison between the Company's management and non-management directors.
  Item 9.01 Financial Statements and Exhibits.
  Exhibits
  Exhibit Number
  99               Press Release dated February 15, 2006
  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 15, 2006
  By:
  Nathaniel F. Bradley IV
  Name: Nathaniel F. Bradley IV
  Title: President and Chief Executive Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99
  Press Release Dated February 15, 2006