Washington, D.C. 20549

                               FORM 8-K

                             Current Report

Pursuant to Section 13 or 15(d) of  the Securities Exchange Act of 1934

                           October 30, 2006
             Date of Report (Date of earliest event reported)

                     American Business Corporation
            (Exact name of Registrant as specified in charter)

Colorado                       33-9640-LA                    90-0249312
--------                       ----------                    ----------
(State or other           (Commission File Number)       (IRS. Employer
jurisdiction of                                          Identification

       11921 Brinley Ave., Louisville, KY            40243
       ----------------------------------            -----
    (Address of principal executive offices)      (Zip Code)

Registrant's telephone number, including area code: (502) 410-6900

Item 8.01.  Other Events

On  October 30, 2006 the  involuntary  Chapter 7 bankruptcy  proceeding
against us  that was  commenced on  August 23, 2006  was converted to a
Chapter 11 proceeding  with  the consent of the creditors who filed the
Chapter 7  proceeding.  The case  is proceeding  in the  United  States
Bankruptcy Court, Western District of Kentucky, Case No. 06-32184.


Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, we have duly caused this  report to be signed on its behalf by
the undersigned hereunto duly authorized.

Dated:  November 8, 2006
                                          AMERICAN BUSINESS CORPORATION.
					  By: /s/ Anthony Russo
                                          Name: Anthony Russo
                                          Title:    President