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<FONT size=2 face="serif">As Filed with the Securities and Exchange Commission
on December 12, 2005</FONT></P>

<div align="right"><FONT size=2 face="serif">Registration No. 333-_________________</FONT><BR>

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<B><FONT face="serif">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

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  <p><B><FONT size=2 face="serif">Washington, D.C. 20549</FONT></B><br>
  ___________________</p>
  <p>

    <B><FONT size=4 face="serif">FORM S-8</FONT></B><br>
    <BR>

    <B><FONT face="serif">REGISTRATION STATEMENT </FONT></B><BR>
    <B><FONT face="serif">UNDER </FONT></B><BR>
    <B><FONT face="serif">THE SECURITIES ACT OF 1933</FONT></B><br>
  ___________________</p>
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<B><FONT size=4 face="serif">DELTA FINANCIAL CORPORATION</FONT></B><br>
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  <FONT size=2 face="serif">(Exact Name of Registrant as Specified in Its Charter)</FONT><br>
___________________</center>
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<B><U><FONT size=2 face="serif">Delaware</FONT></U></B>&nbsp;
	</TD>
	<TD width=50% align=center>
<B><U><FONT size=2 face="serif">11-3336165</FONT></U></B>&nbsp;
	</TD>
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	<TD width=50% align=center>
<FONT size=2 face="serif">(State or Other Jurisdiction of</FONT>&nbsp;
	</TD>
	<TD width=50% align=center>
<FONT size=2 face="serif">(IRS Employer</FONT>&nbsp;
	</TD>
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<FONT size=2 face="serif">Incorporation or Organization)</FONT>&nbsp;
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	<TD width=50% align=center>
<FONT size=2 face="serif">Identification No.)</FONT>&nbsp;
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  <TD align=center colspan=2>&nbsp;</TD>
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	<TD align=center width=100% colspan=2>
<B><U><FONT size=2 face="serif">1000 Woodbury Road, Suite 200</FONT></U></B>
	</TD>
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	<TD align=center width=100% colspan=2>
<B><U><FONT size=2 face="serif">Woodbury, New York 11797</FONT></U></B>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=center colspan=2><FONT size=2 face="serif">(Address of Principal Executive Offices)</FONT> </TD>
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<TR valign="bottom">
  <TD align=center colspan=2>&nbsp;</TD>
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<TR valign="bottom">
  <TD align=center colspan=2><B><U><FONT size=2 face="serif">Delta Financial Corporation 2005 Stock Incentive Plan</FONT></U></B><BR>
    <FONT size=2 face="serif">(Full Title of the Plan) </FONT>    </TD>
</TR>
<TR valign="bottom">
  <TD align=center colspan=2>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=center colspan=2><FONT size=2 face="serif">(Name and address of Agent For Service) </FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=center colspan=2>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=center colspan=2>&nbsp;</TD>
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<TR valign="bottom">
	<TD align=center width=100% colspan=2><U><FONT size=2 face="serif">Copy to</FONT></U><FONT size=2 face="serif">:</FONT></TD>
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<FONT size=2 face="serif">Marc E. Miller, Esq.</FONT>&nbsp;
	</TD>
	<TD width=50% align=center>
<FONT size=2 face="serif">James R. Tanenbaum, Esq.</FONT>&nbsp;
	</TD>
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	<TD width=50% align=center>
<FONT size=2 face="serif">Senior Vice President and General Counsel</FONT>&nbsp;
	</TD>
	<TD width=50% align=center>
<FONT size=2 face="serif">Morrison &amp; Foerster LLP</FONT>&nbsp;
	</TD>
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	<TD width=50% align=center>
<FONT size=2 face="serif">Delta Financial Corporation</FONT>&nbsp;
	</TD>
	<TD width=50% align=center>
<FONT size=2 face="serif">1290 Avenue of the Americas</FONT>&nbsp;
	</TD>
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	<TD width=50% align=center>
<FONT size=2 face="serif">1000 Woodbury Road, Suite 200</FONT>&nbsp;
	</TD>
	<TD width=50% align=center>
<FONT size=2 face="serif">New York, New York 10104</FONT>&nbsp;
	</TD>
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	<TD width=50% align=center>
<FONT size=2 face="serif">Woodbury, New York 11797</FONT>&nbsp;
	</TD>
	<TD width=50% align=center>
<FONT size=2 face="serif"> <FONT size=2 face="serif">(212)</FONT> 468-8000</FONT>&nbsp;
	</TD>
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	<TD width=50% align=center>
<FONT size=2 face="serif">(516) 364-8500</FONT>&nbsp;
	</TD>
	<TD width=50% align=left>&nbsp;

	</TD>
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<BR>
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	<TD align=center colspan=6>
<B><FONT size=2 face="serif">CALCULATION OF REGISTRATION FEE</FONT></B>
	</TD>
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	<TD colspan=6>
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	</TD>
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  <TD width=2% align=center>&nbsp;</TD>
	<TD width=24% align=center>
<B><FONT size=2 face="serif">Title of Each Class of</FONT></B>&nbsp;
	</TD>
	<TD width=18% align=left>&nbsp;

	</TD>
	<TD width=20% align=center>
<B><FONT size=2 face="serif">Proposed Maximum</FONT></B>
	</TD>
	<TD width=16% align=center>
<B><FONT size=2 face="serif">Proposed Maximum</FONT></B>&nbsp;
	</TD>
	<TD width=20% align=center>
<B><FONT size=2 face="serif">Amount Of</FONT></B>&nbsp;
	</TD>
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  <TD width=2% align=center>&nbsp;</TD>
	<TD width=24% align=center>
<B><FONT size=2 face="serif">Securities To Be</FONT></B>&nbsp;
	</TD>
	<TD width=18% align=center>
<B><FONT size=2 face="serif">Amount To Be</FONT></B>&nbsp;
	</TD>
	<TD width=20% align=center>
<B><FONT size=2 face="serif">Offering Price Per</FONT></B>
	</TD>
	<TD width=16% align=center>
<B><FONT size=2 face="serif">Aggregate Offering</FONT></B>&nbsp;
	</TD>
	<TD width=20% align=center>
<B><FONT size=2 face="serif">Registration</FONT></B>&nbsp;
	</TD>
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  <TD width=2% align=center>&nbsp;</TD>
	<TD width=24% align=center>
<B><FONT size=2 face="serif">Registered</FONT></B>&nbsp;
	</TD>
	<TD width=18% align=center>
<B><FONT size=2 face="serif">Registered</FONT></B>&nbsp;
	</TD>
	<TD width=20% align=center>
<B><FONT size=2 face="serif">Unit</FONT></B>
	</TD>
	<TD width=16% align=center>
<B><FONT size=2 face="serif">Price</FONT></B>&nbsp;
	</TD>
	<TD width=20% align=center>
<B><FONT size=2 face="serif">Fee</FONT></B>&nbsp;
	</TD>
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  <TD>&nbsp;</TD>
	<TD>
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	</TD>
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  <TD width=2% align=center>&nbsp;</TD>
	<TD width=24% align=center>
      <div align="left"><FONT size=2 face="serif">Common Stock, par value</FONT>&nbsp;
      </div></TD>
	<TD width=18% align=left>&nbsp;

	</TD>
	<TD width=20% align=left>

	</TD>
	<TD width=16% align=left>&nbsp;

	</TD>
	<TD width=20% align=left>&nbsp;

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  <TD align=left>&nbsp;</TD>
  <TD align=left>      <div align="left"><FONT size=2 face="serif">&#36;.01 per share</FONT>&nbsp;
      </div></TD><TD align=center><FONT size=2 face="serif">1,000,000 shares</FONT>&nbsp; </TD>
  <TD align=right><center>
      <FONT size=2 face="serif">&#36;7.96 <FONT size=2 face="serif">(1)</FONT>&nbsp; </FONT>
  </center></TD>
  <TD align=center><FONT size=2 face="serif">$7,960,000</FONT>&nbsp; </TD>
  <TD align=center><FONT size=2 face="serif">$851.72</FONT>&nbsp; </TD>
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  <TD width=2% align=left>&nbsp;</TD>
	<TD width=24% align=left>
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	<TD width=18% align=center><HR noshade size=1></TD>
	<TD width=20% align=right>
      <center>
        <HR noshade size=1>
      </center></TD>
	<TD width=16% align=center><HR noshade size=1></TD>
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<FONT size=2 face="serif">(1)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Estimated pursuant to Rule 457(h) solely for purposes of calculating the aggregate offering price and the amount of the registration fee based upon the average of the high and low prices reported for the shares on The
American Stock Exchange on December 5, 2005.</FONT>	</TD>
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<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P>&nbsp;</P>
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<br>

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<P align="center">
<B><FONT size=2 face="serif">PART I </FONT></B></P>
<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS </FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">Item 1.&nbsp;&nbsp;&nbsp;Plan Information. </FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The documents containing the information specified in Part I (plan and registrant information) will be delivered in accordance with Rule 428(b)(1) under the Securities Act of 1933, as amended
(the &#147;Securities Act&#148;). Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the &#147;Commission&#148;), either as part of this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424 under the Securities Act. These documents, and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets
the requirements of Section 10(a) of the Securities Act. </FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 2.&nbsp;&nbsp;&nbsp;Registrant Information and Employee Plan Annual Information. </FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Upon written or oral request, any of the documents incorporated by reference in Item 3 of Part II of this Registration Statement, which are also incorporated by reference in the Section 10(a)
prospectus, other documents required to be delivered to eligible participants pursuant to Rule 428(b), or additional information about the Delta Financial Corporation 2005 Stock Incentive Plan (the &#147;Plan&#148;), will be available without charge
by contacting the Corporate Secretary, Delta Financial Corporation, 1000 Woodbury Road, Suite 200, Woodbury, New York 11797, Telephone: (516) 364-8500. </FONT></P>
<P>&nbsp;</P>
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  <FONT size=2 face="serif">- 1 -</FONT><BR>

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<p align="center"><B><FONT size=2 face="serif">PART II</FONT></B>

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<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference. </FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following documents, which have been filed by Delta Financial Corporation (the &#147;Company&#148;) with the Commission, are incorporated in this Registration Statement by reference:
</FONT></P>

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    <td width="83%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a) The Company&#146;s Annual Report on Form 10-K for the fiscal year ended December 31, 2004. </FONT></td>
    <td width="4%">&nbsp;</td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td>&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) The Company&#146;s Current Reports on Form 8-K filed on March 9, 2005, May 25, 2005, June 10, 2005, August 9, 2005, September 14, 2005, September 21, 2005 and November 2, 2005 (other than, with respect to these reports, information that is deemed not to be filed under the rules of the Commission). </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td>&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) The Company&#146;s Quarterly Reports on Form 10-Q for the three months ended March 31, 2005, June 30, 2005 and September 30, 2005. </FONT></td>
    <td>&nbsp;</td>
  </tr>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
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    <td>&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(d) The description of the Company&#146;s common stock, par value &#36;.01 per share, included under the caption &#147;Description of Capital Stock&#148; in the Prospectus forming a part of the Company&#146;s Registration Statement on Form S-1, filed with the Commission on September 3, 1996 (Registration No. 333-11289), including exhibits, and as amended, which description has been incorporated by reference in Item 1 of the Company&#146;s Registration Statement on Form 8-A, filed pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), on May 8, 2003 (Registration No. 001-12109). </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration Statement. </FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description of Securities. </FONT></B><FONT size=2 face="serif">Not applicable.</FONT><B><FONT size=2 face="serif"> </FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel. </FONT></B><FONT size=2 face="serif">Not applicable.</FONT><B><FONT size=2 face="serif"> </FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers. </FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company&#146;s certificate of incorporation eliminates, to the fullest extent permitted by the law of the State of Delaware, personal liability of directors to the Company and its
stockholders for monetary damages for breach of fiduciary duty as directors. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Section 145(a) of the Delaware General Corporation Law, or DGCL, provides in relevant part that a corporation may &#147;indemnify any person who was or is a party or is threatened to be made a
party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a
director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses
(including attorneys&#146; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person
</FONT></P>

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  <FONT size=2 face="serif">- 2 -</FONT><BR>

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<FONT size=2 face="serif">reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person&#146;s conduct was unlawful.&#148;
</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">With respect to derivative actions, Section 145(b) of the DGCL provides in relevant part that a corporation may &#147;indemnify any person who was or is a party or is threatened to be made a
party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor. . . [by reason of the person&#146;s service in one of the capacities specified in the preceding sentence] against
expenses (including attorneys&#146; fees) actually and reasonably incurred by the person in connection with the defense or settlement or such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or
not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the
extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.&#148; </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">To the fullest extent permitted by applicable law, the Company agrees to indemnify any of its officers or directors for, and to hold each of them harmless against, any loss, liability or
expense incurred without negligence or bad faith on its part, arising out of or in connection with his or her duties as an officer or director performed pursuant to the Company&#146;s charter documents, including the costs and expenses (including
reasonable legal fees and expenses) of defending him or herself against, or investigating, any claim or liability in connection with the exercise or performance of any of its powers or duties thereunder. </FONT></P>
<P align="left"><B><FONT size=2 face="serif">Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exemption from Registration Claimed. </FONT></B><FONT size=2 face="serif">Not applicable.</FONT><B><FONT size=2 face="serif"> </FONT></B></P>
<P align="left"> <B><FONT size=2 face="serif">Item 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</FONT></B></P>
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	<TD width=7% align=right>
<U><FONT size=2 face="serif">Number</FONT></U>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Description</FONT>&nbsp;
	</TD>
</TR>
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	<TD>
	</TD>
	<TD>
	</TD>
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  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
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	<TD width=7% align=right>
<FONT size=2 face="serif">4.1</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Certificate of Incorporation of the Company, incorporated by reference to the Company&#146;s Registration</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=left>&nbsp;

	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Statement on Form S-1 (Registration File No. 333-11289, as amended).</FONT>&nbsp;
	</TD>
</TR>
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  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
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	<TD width=7% align=right>
<FONT size=2 face="serif">4.2</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Second Amended Bylaws of the Company, incorporated by reference to the Company&#146;s Annual</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=left>&nbsp;

	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Report on Form 10-K for the year ended December 31, 1998.</FONT>&nbsp;
	</TD>
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  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
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	<TD width=7% align=right>
<FONT size=2 face="serif">4.3</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Form of certificate representing shares of common stock, par value &#36;.01 per share, incorporated by</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=left>&nbsp;

	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">reference to the Company&#146;s Form 8-A/A filed on October 10, 1996.</FONT>&nbsp;
	</TD>
</TR>
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  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=right>
<FONT size=2 face="serif">5.1</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Opinion of Morrison &amp; Foerster LLP with respect to the legality of the shares of common stock being</FONT>&nbsp;
	</TD>
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	<TD width=7% align=left>&nbsp;

	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">registered hereby.</FONT>&nbsp;
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  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=right>
<FONT size=2 face="serif">10.1</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Delta Financial Corporation 2005 Stock Incentive Plan, incorporated by reference to the Company&#146;s</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=left>&nbsp;

	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Definitive Proxy Statement filed on April 22, 2005.</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=right>
<FONT size=2 face="serif">10.2</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Form of Restricted Stock Bonus Award Agreement, incorporated by reference to the Company&#146;s</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=left>&nbsp;

	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Current Report on Form 8-K dated May 25, 2005.</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=right>
<FONT size=2 face="serif">10.3</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Form of Stock Option Award Agreement, incorporated by reference to the Company&#146;s Current Report</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=left>&nbsp;

	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">on Form 8-K dated May 25, 2005.</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=right>
<FONT size=2 face="serif">23.1</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Consent of KPMG LLP with respect to the financial statements of the Company for the year ended</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=left>&nbsp;

	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">December 31, 2004.</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=right>
<FONT size=2 face="serif">23.2</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Consent of Morrison &amp; Foerster LLP (included in Exhibit 5.1).</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=7% align=right>
<FONT size=2 face="serif">24.1</FONT>&nbsp;
	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD width=89% align=left>
<FONT size=2 face="serif">Power of Attorney (included in signature pages hereto).</FONT>&nbsp;
	</TD>
</TR>
</TABLE>
<p align="center"><BR>
  <FONT size=2 face="serif">- 3 - </FONT><BR>

</p>
<P>&nbsp;</P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>
<A name="page_5"></A>

<p><BR>

  <B><FONT size=2 face="serif">Item 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Undertakings.</FONT></B>

</p>
<table width="100%"  border="0">
  <tr>
    <td width="12%">&nbsp;</td>
    <td width="84%"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned registrant hereby undertakes:</FONT></td>
    <td width="4%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(1) to file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement; </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(i) to include any prospectus required by Section 10(a)(3) of the Securities Act; </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(ii) to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<p align="left"><FONT size=2 face="serif"></FONT><I><FONT size=2 face="serif">provided, however</FONT></I><FONT size=2 face="serif">, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement; </FONT></p>

<table width="100%"  border="0">
  <tr>
    <td width="12%">&nbsp;</td>
    <td width="84%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(2) that, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering thereof; and </FONT></td>
    <td width="4%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(3) to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2
face="serif"> offering thereof. </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropr

iate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P>&nbsp;</P>
<center>
  <FONT size=2 face="serif">- 4 -</FONT><BR>

</center>
<P>&nbsp;</P>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P><PAGE>
<A name="page_6"></A>

<P align="center">
<B><FONT size=2 face="serif">SIGNATURES</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">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 Woodbury, State of
New York, on December 12, 2005. </FONT></P>
<P>&nbsp;</P>
<table width="100%"  border="0">
  <tr>
    <td width="49%">&nbsp;</td>
    <td colspan="2"><B><FONT size=2 face="serif">DELTA FINANCIAL CORPORATION </FONT></B></td>
    <td width="1%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><div align="right"></div></td>
    <td width="4%"><FONT size=2 face="serif">By:</FONT> <BR></td>
    <td width="46%"><u><font size="2">/s/ Hugh Miller&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><BR>   </td>
    <td><FONT size=2 face="serif">Name: Hugh Miller </FONT></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><FONT size=2 face="serif">Title: President and Chief Executive Officer</font></td>
    <td>&nbsp;</td>
  </tr>
</table>
<P>&nbsp;</P>
<center>
  <B><FONT size=2 face="serif">POWER OF ATTORNEY</FONT></B><BR>
</center>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">KNOWN TO ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Hugh Miller and Marc Miller, and each of them, each with full power to act
without the other, as his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign any amendments to
this registration statement (including post-effective amendments), and to file the same, with any exhibits thereto and any other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that
each of said attorneys-in-fact and agents, or their substitute or substitutes, may do or cause to be done by virtue hereof. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements
of the Securities Act of 1933, this Registration Statement has been signed by
the following persons in the capacities indicated on December 12, 2005. </FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width=100%>
<TR valign="bottom">
	<TD colspan="2" align=left>
      <center>
        <B><FONT size=2 face="serif">SIGNATURE</FONT></B>&nbsp;
      </center></TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>
<B><FONT size=2 face="serif">TITLES</FONT></B>
	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=center>
<B><FONT size=2 face="serif">DATE</FONT></B>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">/s/</FONT>&nbsp;
<FONT size=2 face="serif">Sidney A. Miller</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>
<FONT size=2 face="serif">Chairman of the Board of Directors</FONT>
	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=right>
      <center>
        <FONT size=2 face="serif">December 12, 2005</FONT>&nbsp;
      </center></TD>
</TR>
<TR>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>
<FONT size=2 face="serif">Sidney A. Miller</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=left>

	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=left>

	  <center>
    </center></TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">/s/</FONT>&nbsp;
<FONT size=2 face="serif">Hugh Miller</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>
<FONT size=2 face="serif">President, Chief Executive Officer and</FONT>
	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=right>
      <center>
        <FONT size=2 face="serif">December 12, 2005</FONT>&nbsp;
      </center></TD>
</TR>
<TR>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
	</TD>
	<TD><center>
    <FONT size=2 face="serif">Director (Principal Executive Officer)</FONT>	  </center></TD>
	<TD>
	</TD>
	<TD>
	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>
<FONT size=2 face="serif">Hugh Miller</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>&nbsp;</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=left>

	  <center>
    </center></TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">/s/</FONT>&nbsp;
<FONT size=2 face="serif">Richard Blass</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>
<FONT size=2 face="serif">Executive Vice President, Chief Financial</FONT>
	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=right>
      <center>
        <FONT size=2 face="serif">December 12, 2005</FONT>&nbsp;
      </center></TD>
</TR>
<TR>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
	</TD>
	<TD><center>
    <FONT size=2 face="serif">Officer and Director</FONT>	  </center></TD>
	<TD>
	</TD>
	<TD>
	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>
<FONT size=2 face="serif">Richard Blass</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center><FONT size=2 face="serif">(Principal Financial Officer)</FONT> </TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=left>

	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=22% align=left>&nbsp;

	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>&nbsp;</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=left>

	  <center>
    </center></TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">/s/</FONT>&nbsp;
<FONT size=2 face="serif">Martin D. Payson</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>
<FONT size=2 face="serif">Director</FONT>
	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=right>
      <center>
        <FONT size=2 face="serif">December 12, 2005</FONT>&nbsp;
      </center></TD>
</TR>
<TR>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>
<FONT size=2 face="serif">Martin D. Payson</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=left>

	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=left>

	  <center>
    </center></TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">/s/</FONT>&nbsp;
<FONT size=2 face="serif">Arnold B. Pollard</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>
<FONT size=2 face="serif">Director</FONT>
	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=right>
      <center>
        <FONT size=2 face="serif">December 12, 2005</FONT>&nbsp;
      </center></TD>
</TR>
<TR>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>
<FONT size=2 face="serif">Arnold B. Pollard</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=left>

	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=left>

	  <center>
    </center></TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">/s/</FONT>&nbsp;
<FONT size=2 face="serif">Margaret A. Williams</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>
<FONT size=2 face="serif">Director</FONT>
	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=right>
      <center>
        <FONT size=2 face="serif">December 12, 2005</FONT>&nbsp;
      </center></TD>
</TR>
<TR>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>
<FONT size=2 face="serif">Margaret A. Williams</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=left>

	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=left>

	  <center>
    </center></TD>
</TR>
<TR>
	<TD colspan=6>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">/s/</FONT>&nbsp;
<FONT size=2 face="serif">John Adamovich, Jr.</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=center>
<FONT size=2 face="serif">Director</FONT>
	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=right>
      <center>
        <FONT size=2 face="serif">December 12, 2005</FONT>&nbsp;
      </center></TD>
</TR>
<TR>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD>
	  <center>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>
<FONT size=2 face="serif">John Adamovich, Jr.</FONT>&nbsp;
	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=left>

	</TD>
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=18% align=left>&nbsp;

	</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
  <TD colspan="2"><FONT size=2 face="serif">/s/ William Addas</FONT>&nbsp; </TD>
  <TD>&nbsp;</TD>
  <TD><center>
    <FONT size=2 face="serif">Director</FONT>&nbsp;
  </center></TD>
  <TD>&nbsp;</TD>
  <TD><center>
    <FONT size=2 face="serif">December 12, 2005</FONT>&nbsp;
  </center></TD>
</TR>
<TR>
  <TD colspan="2"><HR noshade size=1></TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
  <TD colspan="2"><FONT size=2 face="serif">William Addas</FONT>&nbsp; </TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
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<TR>
	<TD>&nbsp;

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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=4% align=left>&nbsp;

	</TD>
	<TD width=22% align=left>&nbsp;

	</TD>
	<TD width=6%>&nbsp;
	</TD>
	<TD width=46% align=right>
      <center>
    </center></TD>
	<TD width=4% align=left>
<FONT size=2 face="serif">-</FONT>&nbsp;
	</TD>
	<TD width=18% align=left>&nbsp;

	</TD>
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<BR>
<P align="center"> <FONT size=2 face="serif">- 5 -</FONT> </P>


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<P align="left" style="page-break-before:always"></P><PAGE>
<p><A name="page_8"></A>
</p>
<p align="center"><B><FONT size=2 face="serif">EXHIBIT INDEX</FONT></B><BR>
  <BR>

</p>
<TABLE border=0 cellspacing=0 cellpadding=0 width=100%>
<TR valign="top">
  <TD width="8%" align=right><center>
    <FONT size=2 face="serif">Number</FONT>
  </center></TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="89%"><FONT size=2 face="serif">Description</FONT></TD>
</TR>
<TR valign="top">
  <TD align=right><HR noshade size=1></TD>
  <TD>&nbsp;</TD>
  <TD><HR noshade size=1></TD>
</TR>
<TR valign="top">
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">4.1</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Certificate of Incorporation of the Company, incorporated by reference to the Company&#146;s Registration Statement on Form S-1 (Registration File No. 333-11289, as amended).</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">4.2</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Second Amended Bylaws of the Company, incorporated by reference to the Company&#146;s Annual Report on Form 10-K for the year ended December 31, 1998.</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">4.3</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Form of certificate representing shares of common stock, par value &#36;.01 per share, incorporated by reference to the Company&#146;s Form 8-A/A filed on October 10, 1996.</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">5.1</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Opinion of Morrison &amp; Foerster LLP with respect to the legality of the shares of common stock being registered hereby.</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">10.1</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Delta Financial Corporation 2005 Stock Incentive Plan, incorporated by reference to the Company&#146;s Definitive Proxy Statement filed on April 22, 2005.</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">10.2</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Form of Restricted Stock Bonus Award Agreement, incorporated by reference to the Company&#146;s Current Report on Form 8-K dated May 25, 2005.</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">10.3</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Form of Stock Option Award Agreement, incorporated by reference to the Company&#146;s Current Report on Form 8-K dated May 25, 2005.</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">23.1</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Consent of KPMG LLP with respect to the financial statements of the Company for the year ended December 31, 2004.</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">23.2</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Consent of Morrison &amp; Foerster LLP (included in Exhibit 5.1).</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR><TR valign="top">
	<TD align=right>
<FONT size=2 face="serif">24.1</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>&nbsp;</TD>
	<TD>
<FONT size=2 face="serif">Power of Attorney (included in signature pages hereto).</FONT>	</TD>
</TR>
<TR valign="top"><TD colspan=3>&nbsp;</TD></TR></TABLE>

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[{"type": "S-8", "sequence": "1", "filename": "c40128_s8.htm", "secsgml_size_bytes": 49017}]
{"company-data": {"conformed-name": "DELTA FINANCIAL CORP", "cik": "0001021848", "assigned-sic": "6163", "irs-number": "113336165", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-130269", "film-number": "051258485"}, "business-address": {"street1": "1000 WOODBURY", "street2": "STE 200", "city": "WOODBURY", "state": "NY", "zip": "11797", "phone": "5163648500"}, "mail-address": {"street1": "1000 WOODBURY", "street2": "STE 200", "city": "WOODBURY", "state": "NY", "zip": "11797"}}
As Filed with the Securities and Exchange Commission
on December 12, 2005
Registration No. 333-_________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________________
DELTA FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
___________________
Delaware
11-3336165
(State or Other Jurisdiction of
(IRS Employer
Incorporation or Organization)
Identification No.)
1000 Woodbury Road, Suite 200
Woodbury, New York 11797
(Address of Principal Executive Offices)
Delta Financial Corporation 2005 Stock Incentive Plan
(Full Title of the Plan)
(Name and address of Agent For Service)
Copy to
:
Marc E. Miller, Esq.
James R. Tanenbaum, Esq.
Senior Vice President and General Counsel
Morrison & Foerster LLP
Delta Financial Corporation
1290 Avenue of the Americas
1000 Woodbury Road, Suite 200
New York, New York 10104
Woodbury, New York 11797
(212)
468-8000
(516) 364-8500
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Proposed Maximum
Proposed Maximum
Amount Of
Securities To Be
Amount To Be
Offering Price Per
Aggregate Offering
Registration
Registered
Registered
Unit
Price
Fee
Common Stock, par value
$.01 per share
1,000,000 shares
$7.96
(1)
$7,960,000
$851.72
(1)
Estimated pursuant to Rule 457(h) solely for purposes of calculating the aggregate offering price and the amount of the registration fee based upon the average of the high and low prices reported for the shares on The
American Stock Exchange on December 5, 2005.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1.   Plan Information.
The documents containing the information specified in Part I (plan and registrant information) will be delivered in accordance with Rule 428(b)(1) under the Securities Act of 1933, as amended
(the "Securities Act"). Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the "Commission"), either as part of this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424 under the Securities Act. These documents, and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets
the requirements of Section 10(a) of the Securities Act.
Item 2.   Registrant Information and Employee Plan Annual Information.
Upon written or oral request, any of the documents incorporated by reference in Item 3 of Part II of this Registration Statement, which are also incorporated by reference in the Section 10(a)
prospectus, other documents required to be delivered to eligible participants pursuant to Rule 428(b), or additional information about the Delta Financial Corporation 2005 Stock Incentive Plan (the "Plan"), will be available without charge
by contacting the Corporate Secretary, Delta Financial Corporation, 1000 Woodbury Road, Suite 200, Woodbury, New York 11797, Telephone: (516) 364-8500.
- 1 -
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.      Incorporation of Documents by Reference.
The following documents, which have been filed by Delta Financial Corporation (the "Company") with the Commission, are incorporated in this Registration Statement by reference:
(a) The Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2004.
(b) The Company's Current Reports on Form 8-K filed on March 9, 2005, May 25, 2005, June 10, 2005, August 9, 2005, September 14, 2005, September 21, 2005 and November 2, 2005 (other than, with respect to these reports, information that is deemed not to be filed under the rules of the Commission).
(c) The Company's Quarterly Reports on Form 10-Q for the three months ended March 31, 2005, June 30, 2005 and September 30, 2005.
(d) The description of the Company's common stock, par value $.01 per share, included under the caption "Description of Capital Stock" in the Prospectus forming a part of the Company's Registration Statement on Form S-1, filed with the Commission on September 3, 1996 (Registration No. 333-11289), including exhibits, and as amended, which description has been incorporated by reference in Item 1 of the Company's Registration Statement on Form 8-A, filed pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on May 8, 2003 (Registration No. 001-12109).
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all
securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.      Description of Securities.
Not applicable.
Item 5.      Interests of Named Experts and Counsel.
Not applicable.
Item 6.      Indemnification of Directors and Officers.
The Company's certificate of incorporation eliminates, to the fullest extent permitted by the law of the State of Delaware, personal liability of directors to the Company and its
stockholders for monetary damages for breach of fiduciary duty as directors.
Section 145(a) of the Delaware General Corporation Law, or DGCL, provides in relevant part that a corporation may "indemnify any person who was or is a party or is threatened to be made a
party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a
director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person
- 2 -
reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful."
With respect to derivative actions, Section 145(b) of the DGCL provides in relevant part that a corporation may "indemnify any person who was or is a party or is threatened to be made a
party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor. . . [by reason of the person's service in one of the capacities specified in the preceding sentence] against
expenses (including attorneys' fees) actually and reasonably incurred by the person in connection with the defense or settlement or such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or
not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the
extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper."
To the fullest extent permitted by applicable law, the Company agrees to indemnify any of its officers or directors for, and to hold each of them harmless against, any loss, liability or
expense incurred without negligence or bad faith on its part, arising out of or in connection with his or her duties as an officer or director performed pursuant to the Company's charter documents, including the costs and expenses (including
reasonable legal fees and expenses) of defending him or herself against, or investigating, any claim or liability in connection with the exercise or performance of any of its powers or duties thereunder.
Item 7.      Exemption from Registration Claimed.
Not applicable.
Item 8.      Exhibits.
Number
Description
4.1
Certificate of Incorporation of the Company, incorporated by reference to the Company's Registration
Statement on Form S-1 (Registration File No. 333-11289, as amended).
4.2
Second Amended Bylaws of the Company, incorporated by reference to the Company's Annual
Report on Form 10-K for the year ended December 31, 1998.
4.3
Form of certificate representing shares of common stock, par value $.01 per share, incorporated by
reference to the Company's Form 8-A/A filed on October 10, 1996.
5.1
Opinion of Morrison & Foerster LLP with respect to the legality of the shares of common stock being
registered hereby.
10.1
Delta Financial Corporation 2005 Stock Incentive Plan, incorporated by reference to the Company's
Definitive Proxy Statement filed on April 22, 2005.
10.2
Form of Restricted Stock Bonus Award Agreement, incorporated by reference to the Company's
Current Report on Form 8-K dated May 25, 2005.
10.3
Form of Stock Option Award Agreement, incorporated by reference to the Company's Current Report
on Form 8-K dated May 25, 2005.
23.1
Consent of KPMG LLP with respect to the financial statements of the Company for the year ended
December 31, 2004.
23.2
Consent of Morrison & Foerster LLP (included in Exhibit 5.1).
24.1
Power of Attorney (included in signature pages hereto).
- 3 -
Item 9.      Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) to file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement;
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and
(iii) to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;
provided, however
, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement;
(2) that, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof; and
(3) to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropr

iate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
- 4 -
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 Woodbury, State of
New York, on December 12, 2005.
DELTA FINANCIAL CORPORATION
By:
/s/ Hugh Miller
Name: Hugh Miller
Title: President and Chief Executive Officer
POWER OF ATTORNEY
KNOWN TO ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Hugh Miller and Marc Miller, and each of them, each with full power to act
without the other, as his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign any amendments to
this registration statement (including post-effective amendments), and to file the same, with any exhibits thereto and any other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that
each of said attorneys-in-fact and agents, or their substitute or substitutes, may do or cause to be done by virtue hereof.
Pursuant to the requirements
of the Securities Act of 1933, this Registration Statement has been signed by
the following persons in the capacities indicated on December 12, 2005.
SIGNATURE
TITLES
DATE
/s/
Sidney A. Miller
Chairman of the Board of Directors
December 12, 2005
Sidney A. Miller
/s/
Hugh Miller
President, Chief Executive Officer and
December 12, 2005
Director (Principal Executive Officer)
Hugh Miller
/s/
Richard Blass
Executive Vice President, Chief Financial
December 12, 2005
Officer and Director
Richard Blass
(Principal Financial Officer)
/s/
Martin D. Payson
Director
December 12, 2005
Martin D. Payson
/s/
Arnold B. Pollard
Director
December 12, 2005
Arnold B. Pollard
/s/
Margaret A. Williams
Director
December 12, 2005
Margaret A. Williams
/s/
John Adamovich, Jr.
Director
December 12, 2005
John Adamovich, Jr.
/s/ William Addas
Director
December 12, 2005
William Addas
-
- 5 -
EXHIBIT INDEX
Number
Description
4.1
Certificate of Incorporation of the Company, incorporated by reference to the Company's Registration Statement on Form S-1 (Registration File No. 333-11289, as amended).
4.2
Second Amended Bylaws of the Company, incorporated by reference to the Company's Annual Report on Form 10-K for the year ended December 31, 1998.
4.3
Form of certificate representing shares of common stock, par value $.01 per share, incorporated by reference to the Company's Form 8-A/A filed on October 10, 1996.
5.1
Opinion of Morrison & Foerster LLP with respect to the legality of the shares of common stock being registered hereby.
10.1
Delta Financial Corporation 2005 Stock Incentive Plan, incorporated by reference to the Company's Definitive Proxy Statement filed on April 22, 2005.
10.2
Form of Restricted Stock Bonus Award Agreement, incorporated by reference to the Company's Current Report on Form 8-K dated May 25, 2005.
10.3
Form of Stock Option Award Agreement, incorporated by reference to the Company's Current Report on Form 8-K dated May 25, 2005.
23.1
Consent of KPMG LLP with respect to the financial statements of the Company for the year ended December 31, 2004.
23.2
Consent of Morrison & Foerster LLP (included in Exhibit 5.1).
24.1
Power of Attorney (included in signature pages hereto).
- 6 -