Dealing with Fundr in Utah?

When your business operations are hindered by aggressive daily ACH withdrawals, the financial pressure can feel insurmountable. Many Utah business owners find their cash flow paralyzed by merchant cash advance agreements that fail to account for fluctuating revenue. At Cannon Legal PLLC, we represent business owners facing these high-pressure collection tactics. We focus on stabilizing your financial position and evaluating your legal options to halt the daily drain on your operational capital.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding merchant cash advances is distinct. We scrutinize whether a funder honored mandatory reconciliation or “true-up” clauses when your business revenues declined. Failing to honor these provisions can effectively transform a standard transaction into a disguised, usurious loan, which is a critical point of contention in court. If a funder has already secured a judgment by confession or default, our experienced counsel can move to initiate a Motion to Vacate under Utah Rule of Civil Procedure 60(b), specifically arguing that the process lacked due process or that the confession was obtained under false pretenses.

Failure to respond to a court summons or a judgment by confession can lead to the immediate freezing of your business bank accounts. Do not ignore legal notices; seek professional counsel immediately to protect your assets from seizure.

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 communicate directly with creditors to restructure crippling daily payment schedules, aiming for terms that align with your actual business revenue.
  • Subchapter V Bankruptcy: For businesses requiring a more formal reorganization, we provide guidance on Exploring Business Bankruptcy Options to protect your essential assets.
  • Corporate Restructuring: We assist in developing long-term operational strategies to ensure your business survives the current financial strain and remains viable for the future.

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