Dealing with Avanza Capital in Utah?

For many small business owners, the daily drain of automated clearing house withdrawals can create an unsustainable financial environment. When Avanza Capital initiates collection actions or legal proceedings, the pressure on your operational capital intensifies. Our firm works with business owners to stabilize their financial standing and address the aggressive collection tactics that threaten your company’s survival. If your cash flow is being compromised, we aim to provide a strategic path forward.

The Legal Reality for Utah Consumers

In Utah, merchant cash advance transactions are subject to specific scrutiny regarding their structure. We examine whether the funder adhered to mandatory reconciliation, or “true-up,” clauses when your business revenue experienced a downturn. Failure to honor these provisions can fundamentally alter the nature of the transaction, potentially reclassifying a purported purchase of future receivables into a disguised, usurious loan. If a judgment has already been obtained through confession or default, we can help you evaluate the filing of a Motion to Vacate under Utah Rule of Civil Procedure 60(b) to challenge the process or the validity of the confession.

Ignoring a summons or failing to respond to a court filing in Utah can lead to immediate, irreversible judgments. You must act promptly to protect your business assets from levies or garnishments.

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, aiming to reduce the impact of daily withdrawals on your operational budget.
  • Subchapter V Bankruptcy Advice: When traditional restructuring is insufficient, Exploring Business Bankruptcy Options can provide a structured environment to protect your essential business assets.
  • Corporate Restructuring: We assist in developing comprehensive strategies to ensure your business maintains long-term viability despite current financial pressures.

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