Dealing with Clearfund Solutions in Utah?

When daily ACH withdrawals from Clearfund Solutions begin to erode your business cash flow, the operational stability of your company is at risk. Many Utah business owners find themselves facing aggressive collection tactics that threaten their ability to meet payroll and maintain inventory. At Cannon Legal PLLC, we represent businesses struggling under the weight of these financial obligations, focusing on strategies that aim to stabilize your revenue stream and halt the immediate pressure of daily debits.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding Merchant Cash Advances often hinges on the specific terms of the funding agreement. Defense counsel can scrutinize whether the funder honored mandatory reconciliation, or “true-up,” clauses when business revenues declined. Failing to honor these requests can effectively transform the transaction into a disguised, usurious loan, which may be subject to different legal standards. If Clearfund Solutions has obtained a judgment by confession or default, we can help you evaluate whether to file a Motion to Vacate under Utah Rule of Civil Procedure 60(b) by demonstrating a lack of due process or showing that the confession was executed under false pretenses.

Ignoring a court summons or failing to respond to a judgment can lead to severe consequences, including bank levies and asset seizures. You must act promptly to preserve your rights and challenge the validity of the claims brought against 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 aim to restructure your repayment schedule to align with your actual revenue, providing the breathing room necessary to keep your business operational.
  • Subchapter V Bankruptcy: If debt has become insurmountable, we provide advice on Exploring Business Bankruptcy Options to protect your core assets while reorganizing.
  • Corporate Restructuring: We assist in realigning your financial structure to ensure long-term survival and prevent future liquidity crises.

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