Dealing with Advantage Merchant Funding in Utah?

When daily ACH withdrawals from Advantage Merchant Funding begin to compromise your business operations, the financial strain can feel insurmountable. Small business owners often find themselves in a position where revenue fluctuations are ignored by creditors, leading to aggressive collection efforts that threaten your company’s survival. At Cannon Legal PLLC, we represent Utah businesses facing these high-pressure financial obligations, working to restructure debt and regain control over your cash flow.

The Legal Reality for Utah Consumers

In Utah, defense attorneys can challenge Merchant Cash Advances by scrutinizing whether the funder honored mandatory reconciliation (“true-up”) clauses when business revenues declined, as ignoring these requests effectively turns the transaction into a disguised, usurious loan. If an MCA funder has aggressively obtained a judgment by confession or default, counsel should immediately file a Motion to Vacate under Utah Rule of Civil Procedure 60(b), arguing a lack of due process or that the confession was executed under false pretenses.

Failure to respond to a court summons or an entry of judgment can result in the rapid freezing of your business bank accounts and the seizure of assets. You must act immediately upon receiving legal notice to preserve your procedural rights in Utah courts.

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 crippling daily payment schedules to align with your actual business revenue, providing the breathing room necessary for operations to continue.
  • Subchapter V Bankruptcy Advice: When restructuring outside of court is insufficient, we provide guidance on Exploring Business Bankruptcy Options to protect your essential business assets from aggressive creditors.
  • Corporate Restructuring: We assist in reorganizing your financial obligations and operational structure to ensure long-term survival and stability in a competitive market.

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