Dealing with CFG Merchant Solutions in Utah?

When daily ACH withdrawals from CFG Merchant Solutions begin to overwhelm your business revenue, the financial strain can quickly threaten your operational viability. Many Utah business owners find themselves in a position where the original terms of their merchant cash advance no longer align with their current cash flow realities. At Cannon Legal PLLC, we assist business owners in evaluating their legal standing and developing a strategy to address these aggressive collection efforts before they lead to permanent closure.

The Legal Reality for Utah Consumers

In Utah, the defense of merchant cash advances often hinges on whether the funding entity adhered to mandatory reconciliation, or “true-up,” provisions when your business revenue declined. If a creditor ignored your requests for reconciliation, they may have effectively converted the transaction into a disguised, usurious loan, which is a critical point of contention in court. Furthermore, if CFG Merchant Solutions has obtained a judgment by confession or default, we can assist in filing a Motion to Vacate under Utah Rule of Civil Procedure 60(b) to challenge the process on grounds of due process violations or false pretenses.

It is imperative that you act immediately upon receiving notice of a lawsuit. Ignoring a court summons or failing to respond to a judgment can result in the loss of your right to defend your business assets. Consult with legal counsel promptly to understand the specific deadlines applicable to your case.

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 existing agreement to lower daily payment amounts, providing your business the breathing room necessary to recover.
  • Subchapter V Bankruptcy Advice: When restructuring outside of court is insufficient, we can help you evaluate Exploring Business Bankruptcy Options to protect your essential assets while reorganizing your obligations.
  • Corporate Restructuring: We provide guidance on long-term operational survival, ensuring your business structure is optimized to withstand current financial pressures.

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