Dealing with Fundfi Merchant Funding in Utah?
When daily ACH withdrawals from Fundfi Merchant Funding threaten your business’s operational liquidity, the pressure on your cash flow can become unsustainable. Many Utah business owners find themselves in a position where revenue fluctuations make fixed daily payments impossible to maintain. At Cannon Legal PLLC, we represent business entities facing aggressive collection efforts, aiming to stabilize your financial situation and halt the immediate drain on your accounts.
The Legal Reality for Utah Consumers
In Utah, defense attorneys can challenge Merchant Cash Advances by scrutinizing whether the funder honored mandatory reconciliation (“true-up”) clauses when business revenues declined, as ignoring these requests effectively turns the transaction into a disguised, usurious loan. If an MCA funder has aggressively obtained a judgment by confession or default, counsel should immediately file a Motion to Vacate under Utah Rule of Civil Procedure 60(b), arguing a lack of due process or that the confession was executed under false pretenses.
Warning: Ignoring a court summons or failing to respond to a judgment filing in Utah can result in the loss of your right to challenge the underlying debt. Strict deadlines apply to filing motions to vacate; prompt action is necessary to protect your business interests.
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 engage with creditors to restructure crippling daily payments, aligning your obligations with your actual current revenue.
- Subchapter V Bankruptcy: We provide advice on utilizing this streamlined process to protect vital business assets while reorganizing debt. For more information, see our guide on Exploring Business Bankruptcy Options.
- Corporate Restructuring: We assist in reorganizing your operational framework to ensure long-term survival and shield the business from further aggressive collection tactics.