Dealing with Custom Capital Funding in Utah?

For business owners across Utah, the daily pressure of automated ACH withdrawals from merchant cash advances can threaten the very viability of your operations. When Custom Capital Funding initiates legal action, the resulting strain on your cash flow often requires immediate, decisive intervention. Our firm provides experienced representation to help you stabilize your finances and challenge the aggressive collection tactics that may be destabilizing your enterprise.

The Legal Reality for Utah Consumers

In Utah, the legal landscape regarding merchant cash advances hinges on the distinction between a purchase of future receivables and a disguised loan. We scrutinize whether Custom Capital Funding adhered to mandatory reconciliation or “true-up” clauses during periods of declining business revenue. If these provisions were ignored, the transaction may be recharacterized as a usurious loan. Furthermore, if the creditor has already secured a judgment through 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.

Failure to act upon receiving notice of a lawsuit can lead to a default judgment, which may grant the creditor the ability to levy bank accounts or place liens on your business assets. You must respond within the court-mandated timeframes to preserve your right to a defense.

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, working to reduce the impact of daily ACH debits that threaten your operational survival.
  • Subchapter V Bankruptcy: For businesses facing insurmountable pressure, we offer advice on Exploring Business Bankruptcy Options to provide a structured path for debt reorganization.
  • Corporate Restructuring: We assist in reorganizing your financial obligations to align with your current revenue realities, aiming to protect your long-term business assets.

Creditor Contact Information

More Utah Resources