APRIL 30, 2019
Timeshare Exit Company Files For Bankruptcy

A top timeshare exit company recently filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. The American Resource Management Group, LLC (ARMG), also known as Resort Release, filed for bankruptcy due to surmounting legal concerns regarding the company's efforts to take upfront fees from timeshare owners and having insufficient reserves to cover potential 100% "guarantee" claims they made to thousands of timeshare owners. Those who filed suit against ARMG claimed the company was guilty of false advertisement in addition to violating the Florida Deceptive and Unfair Trade Practices Act.

During ARMG's most recent bankruptcy hearing, a variety of red flags were brought to the court's attention. For example, ARMG has continuously claimed to be a Midwestern-based firm despite operating out of Florida. Similar to other timeshare exit companies, ARMG also acquired significant upfront fees from their customers, but somehow have a barren bank account.

The number of third-party timeshare exit companies that are filing for bankruptcy continues to rise. In 2019 alone, there have been numerous timeshare exit company scams, causing timeshare owners and other companies to file suit against the fraudulent firms.

In an effort to reduce the growing number of timeshare exit scams, the American Resort Development Association - Resort Owners' Coalition (ARDA-ROC) has issued warnings to timeshare owners looking to exit their timeshare, emphasizing the steps they should take to ensure they do not fall victim to a third-party timeshare exit company scam.

To read more about this case from our source, click here.

MORE POSTS


Missouri Attorney General Sues Four Timeshare Exit Companies

Consumers' Checkbook Warns Consumers of Timeshare Exit Companies' Services

Investment News Condemns Dave Ramsey for Timeshare Exit Team Endorsement

ARDA-ROC Warns Consumers & Timeshare Owners to Beware of Timeshare Exit Scams During Coronavirus Pandemic

Timeshare Exit Team Faces Lawsuit by Washington Attorney General

Timeshare Owner Warning: Viking Ship Exit Schemes

Timeshare Exit Team Exposed for Defrauding Owners

Holiday Inn Club Vacations Incorporated Secures Major Win and Exposes Timeshare Exit Team for Its False, Misleading and Deceptive Practices

Pro Timeshare Resales: Exit Company Out of Business After FTC Lawsuit

Diamond Resorts Marks Win Against Timeshare Exit Company

Timeshare Exit Firm Owner Challenged for Controversial Oped

Lawsuits Against Timeshare Exit Companies to Move Forward

Kiplinger Reports About Timeshare Exit Scams

Timeshare Exit Company Targets Consumers in Northeast Ohio

Man Sentenced to Prison for His Role in Timeshare Exit Fraud

BBB Continues to Make Alerts About Timeshare Exit Scam Companies

Resort Company Fights on Behalf of Timeshare Owners in Latest Lawsuit

Arkansas Attorney General Files Suit Against Timeshare Exit Company

Timeshare Exit Company Victim Speaks Out

BBB Exposes Portland-based Timeshare Exit Scam

Timeshare Resale Scam Warnings Surrounding Real Estate Company in Nashville

Florida Man Sentenced to 7 Years for a Telemarketing Timeshare Exit Scam

BBB Reports Hundreds of Timeshare Consumers Losing $2.2 Million to Missouri Exit Companies

Timeshare Exit Company American Resource Management Group Declares Bankruptcy

Oregon Timeshare Resale Scammers Caught Stealing Identities

Timeshare Exit Company Files For Bankruptcy

New Legal Warning Cites A Surge Of Timeshare Exit Scams In Arizona

Timeshare Exit Telemarketing Scam Sends Florida Man To Prison

Timeshare Resale Scam in Florida Causes $3 Million in Losses

Timeshare Exit Scammers Defraud $24,000 From Innocent Timeshare Owner

What to Know Before You eBay Your Timeshare

Consumer Alert: Telemarketing Scams

Considering a Change in Your Timeshare Ownership

5 Ways to Avoid Being Ripped Off by a Timeshare Exit Scam

BBB Receives Complaints About Fraudulent Timeshare Resale Companies Taking Upfront Fees

The Internet Explorer web browser is no longer supported by Club Wyndham. Please upgrade your browser.