ITEM 1. BUSINESS
AFS Funding Corp. is a wholly-owned bankruptcy-remote
subsidiary of AmeriCredit Financial Services, Inc. AmeriCredit Automobile Receivables Trust 2001-B (the “Trust”) is
a bankruptcy-remote Delaware Business Trust.
The Trust was formed solely for the purpose of acquiring from AFS
Funding Corp. certain motor vehicle retail installment sales contracts (the
“Contracts”) and interests in the automobiles underlying the contracts and
securitizing the contracts through the issuance of debt securities (the
“Notes”). As bankruptcy-remote
entities, AFS Funding Corp. and the Trust are restricted so that (a) they do
not engage in business with, or incur liabilities to, any other entity (other
than the Trustee on behalf of the holders of the Notes) which may bring
bankruptcy proceedings against AFS Funding Corp. or the Trust and (b) the risk
that they will be consolidated into the bankruptcy proceedings of any other
entity is diminished. AFS Funding Corp.
and the Trust have no other assets other than the Contracts and an interest in
the automobiles underlying the Contracts and proceeds thereof.
ITEM 2.
ITEM 2. PROPERTIES
None.
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS
None.
ITEM 4.
ITEM 4. SUBMISSION OF MATTERS
TO A VOTE OF SECURITY HOLDERS
None.
PART II
ITEM 5.
ITEM 5. MARKET FOR REGISTRANT’S
COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
The sole holder of AmeriCredit Financial Services,
Inc.’s equity shares is AmeriCredit Corp. and the sole holder of AFS Funding
Corp.’s equity shares is AmeriCredit Financial
Services, Inc.
There is currently no market for the equity shares of AmeriCredit
Financial Services, Inc. or AFS Funding Corp. nor is it anticipated that such a
market will develop.
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA
Not Applicable.
ITEM 7.
ITEM 7.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
Not Applicable.
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS
AND SUPPLEMENTAL DATA
Not Applicable.
ITEM 9.
ITEM 9. CHANGE IN AND
DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
ITEM 10.
ITEM 10. DIRECTORS AND OFFICERS
OF THE REGISTRANT
Not Applicable.
ITEM 11.
ITEM 11. EXECUTIVE
COMPENSATION
Not Applicable.
ITEM 12.
ITEM 12. SECURITY OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Not Applicable.
ITEM 13.
ITEM 13. CERTAIN RELATIONSHIPS
AND RELATED TRANSACTIONS
Not Applicable.
PART IV
ITEM 14.
ITEM 14. EXHIBITS, FINANCIAL
STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
The exhibits filed in response to Item 601 of
Regulation S-K are listed in the Exhibit Index.
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d)
of the Securities Exchange Act of 1934, AFS Funding Corp. has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d)
of the Securities Exchange Act of 1934, AmeriCredit Financial Services, Inc.
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d)
of the Securities Exchange Act of 1934, AmeriCredit Automobile Receivables
Trust 2001-B has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
EXHIBIT INDEX
99.1
Servicer’s Report for monthly period ended December
31, 2002
99.2
Officer’s Certification of Disclosure