Mrpicture
Spring Arbor,#2UPDATE Employee
Tue, March 24, 2009
In 1998, Conseco FINANCIAL purchased Green Tree financial (GTF). The owners of GTF LIED on their financials: they had many non-performing loans that were hidden from Conseco Financial. This subsequently caused Conseco Financial to go into bankruptcy. In 2003, Conseco emerged from bankruptcy: this is found on the FREE LIBRARY website: http://www.thefreelibrary.com/Conseco+gets+approval+to+leave+bankruptcy.(Companies)(Brief+Article)-a0109904858 "A plan for reorganizing a firm during the Chapter 11 bankruptcy process has been approved by the court, paving the way for the company to come out of bankruptcy as an insurance-only operation." Conseco no longer has a mortgage business, so take care when slandering the company, lest you be served with a civil suit. I am not a direct employee of Conseco, but work for a subsidiary, PMA.