Dealing with Funding Circle in Utah?

When daily ACH withdrawals from Funding Circle threaten your business operations, the financial strain can feel insurmountable. Many Utah business owners find their cash flow rapidly depleted by aggressive repayment schedules that fail to account for fluctuating revenue. At Cannon Legal PLLC, we focus on helping business owners regain control of their financial future by challenging the enforcement of these agreements and seeking viable paths toward stability.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding Merchant Cash Advances often hinges on the distinction between a purchase of future receivables and a disguised, usurious loan. We scrutinize whether the funder honored mandatory reconciliation or “true-up” clauses during periods of declining business revenue. When these contractual obligations are ignored, the transaction may be recharacterized. Furthermore, if a judgment has already been entered against your business via confession or default, we can help you file a Motion to Vacate under Utah Rule of Civil Procedure 60(b) to challenge the process on grounds of due process or improper execution.

Failure to respond to a lawsuit or judgment in Utah can lead to the seizure of business assets and bank levies. Do not ignore court notices; immediate legal intervention is critical to preserving your rights and protecting your company’s survival.

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 debt obligations, aiming to reduce or eliminate the crippling daily ACH withdrawals that are choking your cash flow.
  • Subchapter V Bankruptcy: We provide counsel on Exploring Business Bankruptcy Options to reorganize your debts while maintaining control of your business assets.
  • Corporate Restructuring: We assist in developing a long-term strategy to ensure your operational survival, shielding your company from further litigation.

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