Dealing with Fusion Funding in Utah?

For many Utah business owners, daily ACH withdrawals from Fusion Funding can quickly evolve from a financial tool into an existential threat to operational stability. When cash flow is diverted to meet aggressive repayment schedules, the ability to cover payroll, rent, and inventory diminishes. At Cannon Legal PLLC, we assist businesses in evaluating their legal standing when faced with mounting pressure from creditors. If your company is struggling under the weight of these daily obligations, we aim to provide the tactical legal support necessary to regain control of your financial future.

The Legal Reality for Utah Consumers

In Utah, the legal framework surrounding Merchant Cash Advances (MCAs) hinges on whether the transaction functions as a true purchase of future receivables or a disguised, usurious loan. Our experienced legal team scrutinizes whether Fusion Funding honored mandatory reconciliation or “true-up” clauses during periods of declining business revenue. Failure to adhere to these provisions often transforms the agreement into an unlawful loan structure. Furthermore, if a creditor has already obtained a judgment through confession or default, we move to file a Motion to Vacate under Utah Rule of Civil Procedure 60(b), challenging the judgment based on lack of due process or evidence that the agreement was executed under false pretenses.

Ignoring a court summons or failing to respond to a judgment notice in Utah can lead to immediate bank levies and asset seizures. You must act promptly to preserve your rights; once a judgment is finalized, the window to challenge the underlying debt narrows significantly.

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, aiming to align your debt obligations with your actual current revenue.
  • Subchapter V Bankruptcy: For businesses facing insurmountable pressure, Exploring Business Bankruptcy Options can provide a structured path to reorganize debts while shielding vital assets from seizure.
  • Corporate Restructuring: We assist in developing long-term operational strategies to ensure your business remains viable despite previous financial commitments.

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