Dealing with Cedar Advance in Utah?

When daily ACH withdrawals from Cedar Advance threaten your business cash flow, the pressure to maintain operations can feel insurmountable. Small business owners often find themselves in a position where aggressive repayment demands stifle growth and operational stability. At Cannon Legal PLLC, we provide the legal representation necessary to address these financial burdens, focusing on strategies to stabilize your company and regain control over your revenue streams.

The Legal Reality for Utah Consumers

In Utah, the legal framework surrounding merchant cash advances is specific. We scrutinize whether a funder like Cedar Advance has honored mandatory reconciliation or “true-up” clauses when your business revenue has declined. Failure to adhere to these provisions may transform what was presented as a purchase of future receivables into a disguised, usurious loan. If a creditor 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), challenging the process on grounds of due process violations or false pretenses.

Ignoring a lawsuit or a court summons in Utah is a significant risk that can lead to immediate bank levies and asset seizures. You must act promptly to preserve your rights and prevent a default judgment from becoming permanent.

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 work to restructure your payment obligations to align with your actual business revenue, aiming to stop the cycle of crippling daily withdrawals.
  • Subchapter V Bankruptcy Advice: If your business requires a formal reorganization, we provide counsel on Exploring Business Bankruptcy Options to protect your essential assets.
  • Corporate Restructuring: We assist in reorganizing your operational debt to ensure your business remains viable and positioned for long-term survival.

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