UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

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

~~Pursuant~~Date toof ~~Section~~Report ~~13 or 15~~(d)Date of ~~the~~earliest event ~~Securities~~reported): ~~Exchange~~December ~~Act~~20, of2010 ~~1934~~(December 17, 2010)

Date of Report (Date of earliest event reported): November 30, 2010

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

Delaware	0-14120	23-1462070
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)


625 West Ridge Pike, Conshohocken, PA		19428
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (215) 657-4000

~~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~~o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~£ Pre-commencement~~Item ~~communications~~7.01 ~~pursuant~~Regulation toFD ~~Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))~~Disclosure

~~£ Pre-commencement~~On ~~communications~~November 2, 2010, ~~pursuant~~Advanta Corp. and certain of its subsidiaries (the “Debtors”), filed the Debtors’ Joint Plan Under Chapter 11 of the United States Bankruptcy Code (as modified, the “Proposed Plan”) and a Disclosure Statement related to ~~Rule~~the ~~13e-4~~Proposed Plan (cas modified, the “Disclosure Statement”) ~~under~~with the ~~Exchange~~United States ~~Act~~Bankruptcy Court for the District of Delaware (the “Court”), which is presiding over the Debtors’ chapter 11 cases (the “Chapter 11 Cases”). The Proposed Plan and the Disclosure Statement, both as modified on December 17, ~~CFR~~2010, ~~240~~are supported by the Official Committee of Unsecured Creditors appointed in the Chapter 11 Cases.~~13e-4~~ On December 17, 2010, the Court approved the Disclosure Statement (cas approved, the “Approved Disclosure Statement”)), as containing adequate information to permit the solicitation of votes from eligible creditors on whether to approve the Proposed Plan. Copies of the Proposed Plan and the Approved Disclosure Statement are available on www.advantareorg.com.

~~Item7~~On December 17, 2010, the Court also authorized the Debtors to begin the solicitation of votes from eligible creditors entitled to vote on the Proposed Plan.~~01.~~ ~~Regulation~~The FDDebtors expect to complete the mailing of the Proposed Plan and the Approved Disclosure Statement on or about December 28, 2010. A hearing for the Court to consider confirmation of the Proposed Plan has been scheduled for February 10, 2011 at 1:00 p.m.

OnLimitation ~~November~~on ~~30,~~Incorporation 2010, Advanta Corp. (the “Registrant”) and certain of its subsidiaries (together with the Registrant, the “Debtors”) filed their unaudited monthly operating report for the period commencing October 1, 2010, and ending October 31, 2010 (the “Monthly Operating Report”), with the United States Bankruptcy Court for the State of Delaware (the “Bankruptcy Court”) Case No. 09-13931 (KJC) (the “Chapter 11 Cases”). A copy of the Monthly Operating Report is contained in the attached Exhibit 99.1 and is incorporated herein by ~~reference.~~ Reference

~~Limitation~~In onaccordance ~~Incorporation~~with General Instruction B.2 of Form 8-K, the information in this Form 8-K furnished pursuant to Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by ~~Reference~~reference in any filing under the Exchange Act or Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

InCautionary ~~accordance~~Statement ~~with General Instruction B.2 of Form 8~~Regarding Forward-K,Looking the information in this Item 7.01 is being furnished for informational purposes only and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing. The filing of this Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by Regulation FD.Statements

~~Cautionary~~This ~~Statement~~Current ~~Regarding~~Report ~~Financial~~on Form 8-K contains forward-looking statements that are subject to certain risks and uncertainties ~~Operating~~that ~~Data~~could cause actual results to differ materially from those projected. The most significant among these risks and uncertainties are: (i) the ability of the Debtors to prosecute and consummate the Proposed Plan, including the risk that one or more third parties object to the Proposed Plan or seek to terminate the Debtors’ exclusive periods to file a competing plan under Chapter 11 of the United States Bankruptcy Code, or the risk that the Proposed Plan may not be confirmed; (ii) risks associated with third parties seeking and obtaining Court approval to convert the Chapter 11 Cases to cases under Chapter 7 of the United States Bankruptcy Code; (iii) the ability of the trustees to execute and implement a confirmed plan in a cost-effective and timely manner; (iv) the Court’s rulings in the Chapter 11 Cases and the outcome of the Chapter 11 Cases in general; (v) the length of time the Debtors will operate under the Chapter 11 Cases; (vi) the increased legal and other professional costs related to the Chapter 11 Cases, litigation and other legal proceedings; and (vii) the Debtors’ ability to maintain contracts with suppliers and service providers and to retain key executives, managers and employees. The cautionary statements provided above are being made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”) and with the intention of obtaining the benefits of the “safe harbor” provisions of the Act for any such forward-looking statements. Additional risks that may affect the approximate percentage recovery ranges for creditors are detailed in the Approved Disclosure Statement, including Section VI of the Approved Disclosure Statement, which sets forth certain factors that should be considered prior to voting on the Proposed Plan.

The financial statements in the Monthly Operating Report were not audited or reviewed by independent accountants and were not prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The Monthly Operating Report presents condensed financial information of the Debtors.SIGNATURES

~~There~~Pursuant ~~can~~to ~~be no assurance that, from~~ the requirements ~~perspective~~ of ~~an investor or a potential investor in~~ the Registrant’s securities, the Monthly Operating Report is complete. The Monthly Operating Report may be subject to future adjustment and reconciliation. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in periodic reports pursuant to the Securities Exchange Act of 1934, ~~as amended (~~the ~~“Exchange~~registrant ~~Act”),~~has ~~and~~duly caused ~~such~~this ~~information~~report ~~might~~to ~~not~~ be ~~indicative~~signed ofon ~~the~~its ~~Registrant’s~~behalf ~~financial~~by ~~condition or operating results for~~ the ~~period~~undersigned ~~that~~hereunto ~~would be reflected in the Registrant’s financial statements or in reports pursuant to the Exchange Act~~duly authorized. ~~The information set forth in the Monthly Operating Report should not be viewed as indicative of future results.~~

~~The Monthly Operating Report and additional information about the Debtors’ filings under chapter 11 of title 11 of the United States Bankruptcy Code~~ Advanta Corp.(~~the “Bankruptcy Code”~~Registrant), including access to court documents and other general information about the Chapter 11 Cases, are available online at the Debtors’ case administration website located at http://www.advantareorg.com.

~~Cautionary~~Date: ~~Statement~~December 20, ~~Regarding Forward-Looking Statements~~2010

This Current Report on Form 8-K contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The most significant among these risks and uncertainties areBy: ~~(i) the Registrant’~~/s/ ~~ability~~Jay toA. Dubow Jay A. ~~obtain Bankruptcy Court approval with respect to motions in the Chapter 11 Cases; (ii) the ability of the Debtors to prosecute and consummate a chapter 11 plan with respect to the Chapter 11 Cases~~Dubow, ~~including~~Chief the risk that the Official Committee of Unsecured Creditors appointed in the Chapter 11 Cases or another third party objects to the chapter 11 plan and disclosure statement filed by the Debtors with the Bankruptcy CourtAdministrativeOfficer, orSenior ~~files~~Vice one or more competing plans under Chapter 11 of the Bankruptcy Code; (iii) the effects of the Debtors’ filing of voluntary petitions for relief (the “Bankruptcy Filing”) under the Bankruptcy Code on the Registrant and the interests of various creditorsPresident,Secretary ~~equity holders~~ and General other constituents; (iv) risks associated with third parties seeking and obtaining court approval to convert the Chapter 11 Cases to cases under Chapter 7 of the Bankruptcy Code; (v) the Bankruptcy Court’s rulings in the Chapter 11 Cases and the outcome of the Chapter 11 Cases in general; (vi) the ability of the trustees to execute and implement a confirmed plan under Chapter 11 of the Bankruptcy Code in a cost-effective and timely manner; (vii) the increased legal and other professional costs related to the Chapter 11 Cases, litigation and other legal proceedings; and (viii) the Registrant’s ability to maintain contracts with suppliers and service providers and to retain key executives, managers and employees. The cautionary statements provided above are being made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”) and with the intention of obtaining the benefits of the “safe harbor” provisions of the Act for any such forward-looking statements. Additional risks that may affect the Registrant’s future performance are detailed in the Registrant’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.Counsel

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number		Description
99.1		Advanta Corp. Monthly Operating Report for the period commencing October 1, 2010, and ending on October 31, 2010, filed with the United States Bankruptcy Court for the District of Delaware.

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.

	ADVANTA CORP.
Date: November 30, 2010
	By:	/s/ Jay A. Dubow
		Jay A. Dubow, Chief Administrative Officer, Senior Vice President, Secretary and General Counsel

Filing Compare · ADVANTA CORP