Dealing with 24 Capital in Utah?

For many small business owners in Utah, the daily pressure of automatic withdrawals from 24 Capital can quickly become unsustainable. When cash flow is compromised by aggressive collection efforts, the operational stability of your company is at risk. Cannon Legal PLLC works with business owners to address these financial pressures, seeking to halt the cycle of daily depletion and restore control over your business assets through informed legal intervention.

The Legal Reality for Utah Consumers

In Utah, the legal standing of a merchant cash advance often hinges on the specific terms of the agreement. Our experienced team scrutinizes whether 24 Capital honored mandatory reconciliation or “true-up” clauses when your business revenues declined. Failure to adhere to these provisions can transform what is presented as a purchase of future receivables into a disguised, usurious loan, which may be unenforceable under state law. If this creditor has already obtained a judgment by confession or default, we can assist in filing a Motion to Vacate under Utah Rule of Civil Procedure 60(b), challenging the process on grounds of due process violations or false pretenses.

Failure to respond to a court summons or an entry of judgment can lead to the freezing of business bank accounts and the seizure of assets. You must act promptly upon receiving legal notice to preserve your right to challenge the creditor’s claims in court.

How We Fight Back

At Cannon Legal PLLC, we focus on holding creditors to the strict standards of evidence required by law. We can help you navigate the process through the following targeted services:

  • Negotiated Workouts: We engage with creditors to restructure crippling daily payments, aiming to establish a sustainable path forward that aligns with your current revenue realities.
  • Subchapter V Bankruptcy Advice: When traditional restructuring is insufficient, we provide guidance on Exploring Business Bankruptcy Options to protect essential business assets while reorganizing debt.
  • Corporate Restructuring: We assist in developing comprehensive strategies to ensure long-term operational survival, shielding your business from immediate liquidation risks.

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