Dealing with Fundbox in Utah?

For many Utah business owners, the daily drain of automated clearing house withdrawals from Fundbox can quickly threaten operational viability. When cash flow is restricted by rigid repayment schedules, your ability to meet payroll, manage inventory, and sustain growth is compromised. At Cannon Legal PLLC, we assist entrepreneurs in addressing these aggressive financial pressures by evaluating the underlying agreements and challenging the enforcement of these obligations in court.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding merchant cash advances often hinges on whether the funder adhered to mandatory reconciliation, or “true-up,” provisions. When a business experiences a decline in revenue, the funder is typically obligated to adjust the repayment amount accordingly. Failure to honor these requests can transform the arrangement into a disguised, usurious loan. If Fundbox has secured a judgment against your business, our firm can assist in filing a Motion to Vacate under Utah Rule of Civil Procedure 60(b), specifically challenging the validity of a confession of judgment or default order based on a lack of due process or misrepresentation. For those considering broader solutions, we also provide guidance on Exploring Business Bankruptcy Options to shield your assets.

Ignoring a court summons or failing to respond to a lawsuit in Utah can lead to a default judgment, which may allow the creditor to seek bank account levies or liens against your business property. Do not wait for a court date to pass; proactive legal representation is vital to protecting your rights.

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 repayment terms, aiming to alleviate the burden of daily ACH withdrawals and stabilize your cash flow.
  • Subchapter V Bankruptcy: We provide strategic advice on using this streamlined process to reorganize business debts and protect essential operating assets from liquidation.
  • Corporate Restructuring: We assist in developing a long-term plan to ensure your business remains operational while addressing outstanding creditor claims.

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