Sued or Sanctioned

Arete Financial Freedom Debt Settlement Client Sale DENIED

Written by Steve Rhode

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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About the author

Steve Rhode

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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