Asset Acceptance Capital Corp. Chairman's Related Family Trust Enters into Pre-Arranged...

Asset Acceptance Capital Corp. Chairman's Related Family Trust Enters into
Pre-Arranged Stock Trading Plan

WARREN, Mich., June 24 /PRNewswire-FirstCall/ -- Asset Acceptance Capital
Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off
consumer debt, today announced that a trust of which the spouse of its
non-executive Chairman and founder, Nathaniel F. Bradley IV, is trustee, has
entered into a pre-arranged, non-discretionary stock trading plan. The plan
was adopted in accordance with guidelines specified under SEC Rule 10b5-1
under the Securities Exchange Act of 1934 and Asset Acceptance Capital Corp.'s
policies regarding stock transactions. Rule 10b5-1 permits individuals who are
not in possession of material, non-public information at the time the plan is
adopted to establish pre-arranged plans to buy or sell company stock. Sales
will be publicly disclosed through Form 4 filings with the Securities and
Exchange Commission.

Under the newly adopted plan, beginning on August 12, 2009 and ending on
August 12, 2011, the trust may sell Asset Acceptance Capital Corp. shares with
a value up to $6 million. Shares sold at the minimum prices established under
the plan for the trust would represent approximately 15% of Mr. Bradley's
total beneficial ownership of Asset Acceptance Capital Corp. shares.

Mr. Bradley commented: "The plan was established to accomplish estate planning
goals and to obtain diversification of assets for the trust. I believe in the
Company's prospects for continued growth and success, as evidenced by my
continued ownership of approximately 10.5% of the outstanding shares of Asset
Acceptance Capital Corp., assuming all shares under the plan are sold for the
trust."

About Asset Acceptance Capital Corp.
For more than 45 years, Asset Acceptance has provided credit originators, such
as credit card issuers including private label card issuers, consumer finance
companies, utilities and others, an efficient alternative in recovering
defaulted consumer debt. For more information, please visit
www.AssetAcceptance.com.

Asset Acceptance Capital Corp. Safe Harbor Statement
This press release contains certain statements, including the Company's plans
and expectations regarding its operating strategies, charged-off receivables
and costs, which are forward-looking statements and are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include reference to the Company's
presentations and Web casts. These forward-looking statements reflect the
Company's views, expectations and beliefs at the time such statements were
made with respect to such matters, as well as the Company's future plans,
objectives, events, portfolio purchases and pricing, collections and financial
results such as revenues, expenses, income, earnings per share, capital
expenditures, operating margins, financial position, expected results of
operations and other financial items. Forward-looking statements are not
guarantees of future performance and involve certain risks, uncertainties and
assumptions ("Risk Factors") that make the timing, extent, likelihood and
degree of occurrence of these matters difficult to predict. Words such as
"anticipates," "believes," "estimates," "expects," "intends," "should,"
"could," "will," variations of such words and similar expressions are intended
to identify forward-looking statements. There are a number of factors, many of
which are beyond the Company's control, which could cause actual results and
outcomes to differ materially from those described in the forward-looking
statements. Risk Factors include, among others: ability to purchase
charged-off consumer receivables at appropriate prices, ability to continue to
acquire charged-off receivables in sufficient amounts to operate efficiently
and profitably, employee turnover, ability to compete in the marketplace and
acquiring charged-off receivables in industries that the Company has little or
no experience. These Risk Factors also include, among others, the Risk
Factors discussed under "Item 1A Risk Factors" in the Company's most recently
filed Annual Report on Form 10-K and in other SEC filings, in each case under
a section titled "Risk Factors" or similar headings and those discussions
regarding risk factors as well as the discussion of forward-looking statements
in such sections are incorporated herein by reference. Other Risk Factors
exist, and new Risk Factors emerge from time to time that may cause actual
results to differ materially from those contained in any forward-looking
statements. Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of actual
results. Furthermore, the Company expressly disclaims any obligation to
update, amend or clarify forward-looking statements.

SOURCE Asset Acceptance Capital Corp.

Mark A. Redman, Senior Vice President-Finance and Chief Financial Officer,
+1-586-446-7803, or Edwin L. Herbert, Vice President-General Counsel and
Secretary, +1-586-446-1782, both of Asset Acceptance Capital Corp.