Dealing with 60 Day Capital in Utah?

When daily ACH withdrawals from 60 Day Capital begin to compromise your business operations, the financial strain can feel insurmountable. Small business owners often find their cash flow paralyzed by these aggressive collection tactics. At Cannon Legal PLLC, we represent Utah enterprises that are struggling to maintain their viability under the weight of restrictive merchant cash advance agreements. Our objective is to stabilize your revenue streams and provide a path toward operational recovery.

The Legal Reality for Utah Consumers

In the state of Utah, the legal standing of merchant cash advances often hinges on the specific terms of the agreement. A critical area of focus for our experienced team involves scrutinizing whether the funder honored mandatory reconciliation or “true-up” clauses during periods of diminished business revenue. When a funder ignores these provisions, the transaction may be recharacterized as a disguised, usurious loan, which provides a significant opening for a legal challenge. Furthermore, if a creditor has already obtained a judgment by confession or default, we can move to file a Motion to Vacate under Utah Rule of Civil Procedure 60(b), arguing that the process lacked due process or that the confession was obtained under false pretenses.

Ignoring a court summons or failing to respond to a judgment notice can result in the immediate seizure of business assets. Time is a critical factor in these matters; you must act promptly to preserve your rights and prevent irreversible financial damage.

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 current obligations, aiming to lower daily payment amounts to sustainable levels that allow your business to breathe.
  • Subchapter V Bankruptcy: For businesses facing insurmountable pressure, we provide guidance on Exploring Business Bankruptcy Options to reorganize debt while maintaining control of your assets.
  • Corporate Restructuring: We assist in realigning your operational framework to ensure long-term survival and shield your company from predatory collection cycles.

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