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SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
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OMB Number: 3235-0287
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hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
PELTZ NELSON
(Last) (First) (Middle)
C/O TRIARC COMPANIES, INC.
280 PARK AVENUE
(Street)
NEW YORK NY 10017
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ENCORE CAPITAL GROUP INC [ (ECPG) ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/20/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/20/2005 S(1) 964 D $20 1,497,024 I By Ltd Partnership(2)(3)
Common Stock 01/20/2005 S(1) 604,790 D $20 1,296,800 I By Madison West(3)(4)
Common Stock 01/20/2005 S(1) 581,310 D $20 0 I By Nelson Peltz Children's Trust(3)(5)
Common Stock 101,275 I By Triarc(3)(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On January 20, 2005, in connection with an underwritten offering of the Issuer's Common Stock, Madison West Associates Corp. (Madison West), a wholly-owned subsidiary of Triarc Companies, Inc. (Triarc), the Nelson Peltz Children's Trust (the Trust), and the Peltz Family Limited Partnership (the Limited Partnership) entered into an Underwriting Agreement providing for the sale by Madison West of 604,790 shares of the Issuer's Common Stock, the sale by the Trust of 581,310 shares of the Issuer's Common Stock and the sale by the Limited Partnership of 964 shares of the Issuer's Common Stock at a price of $20.00 per share, less Underwriter's discounts and commissions of $0.35 per share. The offering is scheduled to close on January 25, 2005.
2. All such shares are held by the Limited Partnership, an entity in which Mr. Peltz is a general partner.
3. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
4. All such shares are held by Madison West, a wholly-owned subsidiary of Triarc. Mr. Peltz is an officer, director and significant stockholder of Triarc.
5. All such shares were held by the Trust, an entity in which Mr. Peltz is a trustee.
6. All such shares are held by Triarc. Mr. Peltz is an officer, director and significant stockholder of Triarc.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
By: Robin R. Pruitt, as Attorney-in-Fact for 01/24/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                                                                      Exhibit 24


                               POWER OF ATTORNEY

Know all men by these  presents,  that the  undersigned  hereby  constitutes and
appoints Barry R. Barkley,  J. Brandon Black, George Brooker and Robin R. Pruitt
and each of them, his or her true and lawful attorney-in-fact to:

     (1)  execute  for and on behalf  of the  undersigned  in the  undersigned's
capacity  as an officer  and/or  director of Encore  Capital  Group,  Inc.  (the
"Company"),  any  and  all  reports  and  forms  required  to be  filed  by  the
undersigned in accordance with Section 16 of the Securities Exchange Act of 1934
and the rules thereunder, including but not limited to all Forms 3, 4 and 5;

     (2) do and  perform  any and all acts for and on behalf of the  undersigned
which may be  necessary  or desirable to complete and execute any such report or
form and timely file the same with the United  States  Securities  and  Exchange
Commission and any stock exchange or similar trading market; and

     (3) take any other action of any type  whatsoever  in  connection  with the
foregoing which, in the opinion of such attorney-in-fact,  may be of benefit to,
in the best  interest  of or  legally  required  by, the  undersigned,  it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned,  pursuant  to this  Power of  Attorney,  shall be in form and shall
contain such terms and conditions as such attorney-in-fact may approve in his or
her discretion.

The  undersigned  hereby  grants to each such  attorney-in-fact  full  power and
authority  to do and perform all and every act and thing  whatsoever  requisite,
necessary, and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally  present,  with full power of substitution or revocation,
hereby  ratifying and confirming all that such  attorney-in-fact,  or his or her
substitute or  substitutes,  shall  lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted.

This  Power of  Attorney  shall  remain  in full  force  and  effect  until  the
undersigned  is no longer  required to file reports or forms pursuant to Section
16 with respect to the undersigned's  holdings of and transactions in securities
issued by the Company,  unless  earlier  revoked by the  undersigned in a signed
writing delivered to the foregoing attorneys-in-fact.

IN WITNESS  WHEREOF,  the  undersigned  has caused  this Power of Attorney to be
executed as of this 6th day of February, 2003.


                                 /s/Nelson Peltz
                                ------------------------------------
                                Name:  Nelson Peltz