Dealing with Coolidge Capital in Utah?

When daily ACH withdrawals from Coolidge Capital begin to compromise your business operations, the financial strain can feel overwhelming. For many Utah business owners, these merchant cash advances quickly shift from a helpful infusion of capital to a persistent drain on essential cash flow. At Cannon Legal PLLC, we assist business owners in addressing these aggressive collection efforts by scrutinizing the underlying agreements and working to stabilize your company’s financial future.

The Legal Reality for Utah Consumers

In Utah, the legal landscape regarding merchant cash advances hinges on whether the transaction is truly a purchase of future receivables or a disguised, usurious loan. Our experienced team examines whether Coolidge Capital honored mandatory reconciliation or “true-up” clauses during periods of declining revenue. If a funder has secured a judgment by confession or default without adhering to these requirements, we can help file a Motion to Vacate under Utah Rule of Civil Procedure 60(b), challenging the validity of the process or the circumstances under which the confession was obtained.

Ignoring a lawsuit or a notice of judgment from a creditor in Utah can lead to severe consequences, including bank levies and frozen accounts. You must act promptly to preserve your rights and prevent the loss of business assets.

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 daily payment obligations to levels that reflect your current revenue, preventing the total depletion of your operating capital.
  • Subchapter V Bankruptcy: For businesses facing insurmountable pressure, Exploring Business Bankruptcy Options can provide a structured path to reorganize debt while maintaining control of your operations.
  • Corporate Restructuring: We assist in developing comprehensive strategies to streamline your liabilities, ensuring long-term operational survival despite creditor pressure.

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