The court-appointed Receiver in the case against Arete Financial Freedom by the Federal Trade Commission (FTC) has hit a roadblock.
The Receiver moved to sell the debt settlement business ASAP to prevent further harm to consumers. See this post.
The Receiver asked the court for permission to sell the 7,700+ settlement accounts to New Era Debt Solutions for $1,200,000.
So for now, Arete consumers in limbo will have to wait for the Arete request to keep the settlement business and run it.
Latest posts by Steve Rhode (see all)
- Plastic Pandemic: US Credit Card Debt Surges Nearly 20% in Q1 2021! - May 12, 2023
- The IRS Resumes Collections Notices: What You Need to Know Before It’s Too Late - May 12, 2023
- How Can I Deal With Payday Loan Debt? - May 12, 2023