Dealing with 800Funding in Utah?

When your business cash flow is compromised by relentless daily ACH withdrawals, the impact on your operational viability can be immediate and severe. If you are facing legal action or aggressive collection efforts from 800Funding, it is vital to address the situation with a clear strategy. At Cannon Legal PLLC, we assist Utah business owners in evaluating their options to halt the financial drain and restore stability to their company operations.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding Merchant Cash Advances often hinges on the specific terms of the agreement. We look closely at whether the funder honored mandatory reconciliation or “true-up” clauses during periods when your business revenues declined. Failure to adhere to these provisions can effectively transform a transaction into a disguised, usurious loan, which may be subject to different legal standards. Furthermore, if a creditor has already obtained a judgment by confession or default, we can assess the viability of filing a Motion to Vacate under Utah Rule of Civil Procedure 60(b) to challenge the process or the validity of the underlying confession.

Ignoring a court summons or failing to respond to a legal filing in Utah can result in a default judgment, which may grant the plaintiff the power to seize business assets or garnish accounts. Immediate action is necessary to protect your rights and preserve your ability to defend your business.

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 reduce the burden of daily payments that threaten your business survival.
  • Subchapter V Bankruptcy: For businesses facing insurmountable pressure, Exploring Business Bankruptcy Options can provide a structured path to reorganize debts while maintaining control of your assets.
  • Corporate Restructuring: We assist in developing a comprehensive strategy to stabilize your finances and ensure long-term operational viability despite current legal challenges.

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