form13d.htm

SCHEDULE 13D

CUSIP No. 032904 10 4

Page 2 of 4 Pages

1	NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morry F. Rubin
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b)
3	SEC USE ONLY
4	SOURCE OF FUNDS* PF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6	CITIZENSHIP OR PLACE OF ORGANIZATION USA

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER 4,448,834
	8	SHARED VOTING POWER 72,000
	9	SOLE DISPOSITIVE POWER 4,448,834
	10	SHARED DISPOSITIVE POWER 72,000

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,520,834
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* Excludes options to purchase 216,666 shares which vest on February 28, 2009 and shares ownd by his father, George Rubin.
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.9% - Common* [22.6% voting capital stock)**
14	TYPE OF REPORTING PERSON* IN

*Based upon 12,940,378 common shares outstanding as reported in the Registrant’s Form 10-Q for the quarter ended September 30, 2008.

**Based upon 12,940,378 common shares outstanding and 1,216,999 preferred shares outstanding with the voting rights of 7,043,625 shares or a total of 19,984,003 voting shares.

SCHEDULE 13D

CUSIP No. 032904 10 4

Page 3 of 4 Pages

On June 29, 2007, the Issuer became a reporting company under Section 12(g) of the Securities and Exchange Act of 1934, as amended, when its Form 10-SB (filed on April 30, 2007) became effective (File No. 0-52589). This Schedule 13D was originally filed for the reporting person who was a 5% or greater stockholder at the time that the Form 10-SB became effective in lieu of a Schedule 13G.

Item 1. Security and Issuer

This statement relates to the Common Stock of Anchor Funding Services, Inc. (the “Issuer”). The Issuer’s executive office is located at 10801 Johnston Road, Suite 210, Charlotte, NC 28226.

Item 2. Identity and Background

(a)

Morry F. Rubin

(b) 800 Yamato Road, Boca Raton, Florida 33431

(c)

Chief Executive Officer of the Issuer.

(d) Not applicable.

(e)

Not applicable.

(f)

USA

Item 3. Source and Amount of Funds or Other Consideration

On December 1, 2008, the Reporting Person purchased 500,000 common shares beneficially owned by a director of the Issuer at $.22 per share. The purchase price was paid from Mr. Rubin’s personal funds.

Item 4. Purpose of Transactions

(a)	- (j) Not applicable.

The Reporting Person has acquired the securities covered by this schedule for investment purposes only, notwithstanding the fact that Mr. Rubin is a director of the Issuer. The Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions required to be described in item 4 of Schedule 13D other than receiving the resignation from Frank DeLape as a director. However, Mr. Rubin, as a director of the Issuer, may in the future take actions in his fiduciary duty that would otherwise be required to be described in Item 4 of Schedule 13-D. The Reporting Person may at any time review or reconsider his position with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but has no present intention of doing so.

SCHEDULE 13D

CUSIP No. 032904 10 4

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Item 5. Interest in Securities of the Issuer

(a) - (b) As of December 1, 2008, the Issuer has outstanding 12,940,378 shares of Common Stock and 1,216,999 shares of Series 1 Preferred Stock with the voting rights of 7,043,625 common shares. Of the foregoing shares of Common Stock, the reporting person beneficially owns 4,520,834 shares of Common Stock (inclusive of outstanding options to purchase 433,334 shares, but excluding options to purchase 216,666 shares which vest on February 28, 2009 ), representing 34.9% of the outstanding Common Stock, and 22.6% of the voting capital stock. The reporting person has the sole power to dispose and vote of 4,448,834 shares of Common Stock owned by him. Mr. Rubin’s wife and his father, George Rubin, have the shared power to vote and dispose of 72,000 shares held in trusts for the benefit of minor children of Morry F. Rubin and his sister.

(d) - (e) Not Applicable

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to the Securities of the Issuer.

Mr. Rubin’s employment contract dated as of January 31, 2007 provides for the Reporting Person to be Chief Executive Officer of the Issuer.

Item 7. Materials to be filed as Exhibits

Employment contract entered into as of January 31, 2007. (Incorporated by reference to Exhibit 10.2 contained in the Registrant’s Form 10-SB filed with the SEC on April 30, 2007).

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: December 2, 2008

Signature By: /s/ Morry F. Rubin

Morry F. Rubin

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