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): July 1, 2005

                        Commission File Number: 000-49679

                                LitFunding Corp.
                                ----------------
             (Exact name of registrant as specified in its charter)


Nevada                                                                93-1221399
-------                                                               ----------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

3700 Pecos McLeod Drive, Suite 100, Las Vegas, Nevada                      89121
--------------------------------------------------------                   -----
(Address of principal executive offices)                              (Zip Code)

                                  (702)317-1610
                                  -------------
              (Registrant's Telephone Number, Including Area Code)


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))


<PAGE>


ITEM 5.02: DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.

On July 1, 2005, the board of directors of LitFunding Corp., a Nevada
corporation (the "Registrant") appointed Donald Hejmanowski as a director. Mr.
Hejmanowski, 45, has been a shareholder of the Registrant, and has over 25 years
of experience in the financial markets. In 1980, he began a career in the
brokerage community, going on to serve in various positions in the investment
world, including stockbroker, branch manager, vice president of trading
operations and as a principal of a firm. In 1990, Mr. Hejmanowski left the
brokerage community to work directly for public companies, and with private
companies seeking to go public. His work has included corporate capital
structure, mergers and acquisitions. Mr. Hejmanowski has served on the board of
directors of 3dShopping.com, an American Stock Exchange listed company, and
three companies listed on the Over-the-Counter Bulletin Board: from January 2001
to February 2002, Mr. Hejmanowski served on the board of NuTek, Inc.; from
Februray 2001 to November 2001, he served on the board of NetCommerce, Inc. and
from December 2001 to May 2003, he served on the board of Photonics, Inc. He has
also served on the compensation committee and audit committee for
3dShopping.com. Mr. Hejmanowski has also served as an officer or director of
five start-up private entities. In 1981, he earned his Bachelor of Science
degree in finance and a Bachelor of Arts degree in economics from Eastern
Illinois University. Mr. Hejmanowski was granted 150,000 shares of the
Registrant's common stock as a signing bonus. Mr. Hejmanowski is also the owner
of 140,000 shares of the Registrant's common stock held jointly with his spouse.
Mr. Hejmanowski is not an officer or director of any other reporting company.

On July 1, 2005, the Registrant's board of directors appointed Terry Gabby, 61,
as Chief Financial Officer and Treasurer. Mr. Gabby has over 30 years'
experience in executive management, auditing and finance. As the senior auditor
for a regional audit firm, Seidman & Seidman CPA's, he was the senior in charge
of audits for several publicly held companies in the casino and manufacturing
industries. From 1981 to 1991, Mr. Gabby was the corporate director of internal
audit for Sahara Resorts, Inc., a publicly traded company with several gaming
subsidiaries and time-share properties. As a consultant for various clients, Mr.
Gabby has developed and implemented financial accounting systems, internal
control systems and participated in establishing review procedures for
compliance testing as required under the Sarbanes-Oxley Act. The past seven
years, Mr. Gabby has held the executive positions of Chief Financial Officer and
Controller for several large tribal gaming enterprises located in several state
jurisdictions. These enterprises were business start-ups requiring loan
acquisitions, funding distributions, construction cost control and the
development of financial reporting systems. Mr. Gabby earned his Bachelor of
Science degree in accounting from the University of Nevada, Las Vegas College of
Business Administration in 1973. Mr. Gabby will receive a salary of $55,000
annually, and will receive a signing bonus of 10,000 options to purchase shares
of the Registrant's common stock at $0.41 per share. Mr. Gabby is not an officer
or director of any other reporting company.




<PAGE>



                                   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, thereunto duly authorized.



                                          LitFunding Corp.
                                          a Nevada corporation

July 12, 2005                        By:  /s/ Morton Reed
                                          --------------------------------------
                                          Morton Reed, Chief Executive Officer
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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): July 1, 2005

                        Commission File Number: 000-49679

                                LitFunding Corp.
                                ----------------
             (Exact name of registrant as specified in its charter)

Nevada                                                                93-1221399
-------                                                               ----------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

3700 Pecos McLeod Drive, Suite 100, Las Vegas, Nevada                      89121
--------------------------------------------------------                   -----
(Address of principal executive offices)                              (Zip Code)

                                  (702)317-1610
                                  -------------
              (Registrant's Telephone Number, Including Area Code)

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))
ITEM 5.02: DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.

On July 1, 2005, the board of directors of LitFunding Corp., a Nevada
corporation (the "Registrant") appointed Donald Hejmanowski as a director. Mr.
Hejmanowski, 45, has been a shareholder of the Registrant, and has over 25 years
of experience in the financial markets. In 1980, he began a career in the
brokerage community, going on to serve in various positions in the investment
world, including stockbroker, branch manager, vice president of trading
operations and as a principal of a firm. In 1990, Mr. Hejmanowski left the
brokerage community to work directly for public companies, and with private
companies seeking to go public. His work has included corporate capital
structure, mergers and acquisitions. Mr. Hejmanowski has served on the board of
directors of 3dShopping.com, an American Stock Exchange listed company, and
three companies listed on the Over-the-Counter Bulletin Board: from January 2001
to February 2002, Mr. Hejmanowski served on the board of NuTek, Inc.; from
Februray 2001 to November 2001, he served on the board of NetCommerce, Inc. and
from December 2001 to May 2003, he served on the board of Photonics, Inc. He has
also served on the compensation committee and audit committee for
3dShopping.com. Mr. Hejmanowski has also served as an officer or director of
five start-up private entities. In 1981, he earned his Bachelor of Science
degree in finance and a Bachelor of Arts degree in economics from Eastern
Illinois University. Mr. Hejmanowski was granted 150,000 shares of the
Registrant's common stock as a signing bonus. Mr. Hejmanowski is also the owner
of 140,000 shares of the Registrant's common stock held jointly with his spouse.
Mr. Hejmanowski is not an officer or director of any other reporting company.

On July 1, 2005, the Registrant's board of directors appointed Terry Gabby, 61,
as Chief Financial Officer and Treasurer. Mr. Gabby has over 30 years'
experience in executive management, auditing and finance. As the senior auditor
for a regional audit firm, Seidman & Seidman CPA's, he was the senior in charge
of audits for several publicly held companies in the casino and manufacturing
industries. From 1981 to 1991, Mr. Gabby was the corporate director of internal
audit for Sahara Resorts, Inc., a publicly traded company with several gaming
subsidiaries and time-share properties. As a consultant for various clients, Mr.
Gabby has developed and implemented financial accounting systems, internal
control systems and participated in establishing review procedures for
compliance testing as required under the Sarbanes-Oxley Act. The past seven
years, Mr. Gabby has held the executive positions of Chief Financial Officer and
Controller for several large tribal gaming enterprises located in several state
jurisdictions. These enterprises were business start-ups requiring loan
acquisitions, funding distributions, construction cost control and the
development of financial reporting systems. Mr. Gabby earned his Bachelor of
Science degree in accounting from the University of Nevada, Las Vegas College of
Business Administration in 1973. Mr. Gabby will receive a salary of $55,000
annually, and will receive a signing bonus of 10,000 options to purchase shares
of the Registrant's common stock at $0.41 per share. Mr. Gabby is not an officer
or director of any other reporting company.
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, thereunto duly authorized.

                                          LitFunding Corp.
                                          a Nevada corporation

July 12, 2005                        By:  /s/ Morton Reed
                                          --------------------------------------
                                          Morton Reed, Chief Executive Officer