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.
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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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