Dealing with Finova Capital in Utah?

For many Utah business owners, the daily drain of automated clearing house withdrawals from Finova Capital can jeopardize operational viability. When revenue fluctuates, these aggressive repayment structures often become unsustainable, placing your company’s future at risk. We work with business owners to address these financial pressures, seeking to stabilize cash flow and defend against legal actions initiated by third-party debt buyers.

The Legal Reality for Utah Consumers

In Utah, legal counsel can challenge merchant cash advances by rigorously examining whether the funder adhered to mandatory reconciliation, or “true-up,” provisions when your business revenue declined. Failure to honor these clauses can effectively recharacterize the transaction as a usurious loan, which may be unenforceable under state law. If Finova Capital has already secured a judgment through confession or default, we can move to challenge the validity of that judgment by filing a Motion to Vacate under Utah Rule of Civil Procedure 60(b), focusing on potential due process violations or claims that the confession was obtained under false pretenses.

Ignoring a court summons from a creditor is a critical error that often results in a default judgment, stripping you of your right to present a defense. You must act immediately upon receiving legal notice to preserve your options for contesting the claims.

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 terms to alleviate the pressure of daily ACH withdrawals and restore your operational cash flow.
  • Subchapter V Bankruptcy: We provide guidance on Exploring Business Bankruptcy Options to shield your essential business assets from aggressive collection efforts.
  • Corporate Restructuring: We assist in reorganizing your business obligations to support long-term survival and financial stability.

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