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.
Loading...
Reload document
Open in new tab 
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.
Latest posts by Steve Rhode (see all)
- Litigation Practice Group Lawsuit by Business Partner All Service Financial – We Want Our Money - January 24, 2023
- HomeAdvisor and Angi to Pay Up To $7.2 Million and Stop Deceptively Marketing its Leads for Home Improvement Projects - January 23, 2023
- FTC Order Requires LasikPlus to Pay for its Bait-and-Switch Eye Surgery Ads - January 20, 2023