Dealing with Accord Business Funding in Utah?

Daily ACH withdrawals can quickly drain your business accounts, leaving you without the necessary capital to cover payroll, inventory, or operational expenses. If your company is struggling under the weight of a merchant cash advance agreement with Accord Business Funding, you are likely facing a significant threat to your financial stability. At Cannon Legal PLLC, we work with business owners to halt these aggressive collection efforts and develop a strategic path forward that preserves your company’s ability to operate.

The Legal Reality for Utah Consumers

In Utah, the legal standing of merchant cash advances often hinges on the specific terms of the agreement. We look closely at whether Accord Business Funding adhered to mandatory reconciliation or “true-up” clauses when your business revenues experienced a decline. When a funder ignores these contractual requirements, the arrangement may be recharacterized as a disguised, usurious loan rather than a simple purchase of future receivables. Furthermore, if the plaintiff has already obtained a judgment through confession or default, we can assist in filing a Motion to Vacate under Utah Rule of Civil Procedure 60(b) to challenge the process on grounds of due process violations or false pretenses.

Failure to act when served with a lawsuit can result in a permanent judgment against your business, allowing the creditor to freeze your bank accounts or seize assets. Never ignore a court summons; timely legal intervention is critical to protecting your business rights.

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 aim to restructure your daily payment obligations to align with your actual cash flow, preventing the total depletion of your operating capital.
  • Subchapter V Bankruptcy: For businesses facing insurmountable debt, we provide advice on Exploring Business Bankruptcy Options to reorganize debt while maintaining control of your assets.
  • Corporate Restructuring: We assist in operational planning designed to stabilize your business and ensure long-term survival in the face of creditor pressure.

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