UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):

~~November 16~~January 25, ~~2009~~2010

THE FINOVA GROUP INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-11011	86-0695381
(Commission File Number)	(IRS Employer Identification No.)
8300 N. Hayden Road, Suite 207, Scottsdale Arizona	85258
20235 N. Cave Creek Road, Suite 104, Box 601 Phoenix, Arizona	85024
(Address of Principal Executive Offices)	(Zip Code)
(480) 624-4988
(623) 695-1205
(Registrant’s Telephone Number, Including Area Code)
8300 N. Hayden Road, Suite 207, Scottsdale Arizona 85258
(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 (see General Instruction A.2. below):

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))

~~Item~~o Soliciting material ~~4.01~~pursuant ~~Changes~~to inRule ~~Registrant’s~~14a-12 ~~Certifying~~under ~~Accountant~~the Exchange Act (17 CFR 240.14a-12)

~~(a)~~o Pre-commencement communications Onpursuant ~~November~~to ~~16,~~Rule ~~2009, the Audit Committee of the Board of Directors of The FINOVA Group Inc.~~ 14d-2(~~the “Company”~~b) ~~was~~under ~~notified of and accepted~~ the ~~resignation~~Exchange ofAct ~~Ernst~~(17 & Young LLP as the Company’s independent registered public accounting firm, effective upon completion of their review of our fiscal interim period ended September 30, 2009, at which time the client-auditorCFR ~~relationship between The FINOVA Group Inc~~240. ~~and Ernst & Young LLP will cease.~~ 14d-2(b))

~~The~~o Pre-commencement communications ~~Company~~pursuant ~~has~~to ~~been~~Rule ~~advised that the resignation was a result of the liquidation and distribution of substantially all of the Company's remaining assets, and the decision of the Company's Board of Directors~~ 13e-4(~~the “Board”~~c) ~~to dissolve the Company~~ under ~~Delaware law by~~ the ~~filing~~Exchange ofAct ~~a Certificate of Dissolution. The Certificate of Dissolution was approved by the Board on November 16, 2009, and was filed by the Company with the Delaware Secretary of State on November~~ (17, ~~2009~~CFR 240.13e-4(c))

The reports issued by Ernst & Young LLP in connection with the audit of the Company's financial statements, which were prepared using the liquidation basis of accounting, for the years ended December 31, 2008 and 2007, did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles, except that the opinionSection ~~included~~8 an– ~~explanatory~~Other ~~paragraph regarding the Company’s change, subsequent to December 4, 2006, of its basis of accounting from the going-concern basis to a liquidation basis.~~ Events

During the years ended December 31, 2008 and 2007, and the interim period for the nine months ended September 30, 2009, there were no disagreements with Ernst & Young LLP on any matters of accounting principles or practices, financial statement disclosure, or auditing scope and procedures which, if not resolved to the satisfaction of Ernst & Young LLP, would have caused them to make reference to the subject matter of the disagreements in connection with their report on the Company’s consolidated financial statements; in addition, there were no reportable events as listed in Item ~~304(a)(1)(v) of Regulation S-K during the two most recent fiscal years or the subsequent interim period~~ 8.01 Other Events

~~Pursuant~~On January to25, ~~Item~~2010, ~~304(a)(3)~~The ofFINOVA ~~Regulation~~Group ~~S-K,~~Inc. (the “Company”) ~~has~~issued ~~provided~~ a press ~~copy~~release, ~~of the above disclosures and requested that Ernst & Young LLP furnish it with~~ a ~~letter addressed to the Securities and Exchange Commission stating whether or not Ernst & Young LLP agrees with the statements made by the Company. A~~ copy of ~~such~~which ~~letter, dated November 18, 2009,~~ is attached hereto as Exhibit 1699.1 toand ~~this~~is ~~Current~~hereby ~~Report~~incorporated onby ~~Form 8-K~~reference.

~~(b)~~Item 9.01 Financial ~~Due~~Statements ~~to the fact that the Company has ceased operations~~ and ~~has dissolved, no new accountants will be engaged by the Company to replace Ernst & Young LLP.~~ Exhibits

~~Item 9.01 Financial Statements and Exhibits~~(d) Exhibit Description

2 99.1 Press Release dated January 25, 2010

~~(d) Exhibits~~2

~~Exhibit 16.1 Letter from Ernst & Young LLP.~~SIGNATURE

3Pursuant 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.

SIGNATURE

	THE FINOVA GROUP INC.

Date: January 25, 2010	By:	/s/ Richard A. Ross
		Richard A. Ross
		Senior Vice President Chief Financial Officer and Treasurer

~~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.~~3

~~Date: November 18, 2009 THE FINOVA GROUP INC.~~EXHIBIT INDEX

By: /s/ Richard A. Ross

Exhibit Number	Description

99.1	Press Release dated January 25, 2010

~~Richard A. Ross~~4

Senior Vice President

Chief Financial Officer and Treasurer

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