Dealing with Good Funding in Utah?

For many small business owners, the daily drain of automated withdrawals can stifle growth and threaten operational viability. If your company is currently struggling with aggressive collections or litigation initiated by Good Funding, it is vital to address the situation with a clear, strategic approach. Cannon Legal PLLC works with business owners to stabilize cash flow and challenge the underlying terms of merchant cash advance agreements that may be causing undue financial strain.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding Merchant Cash Advances (MCAs) is nuanced. We focus on scrutinizing whether a funder honored mandatory reconciliation or “true-up” clauses during periods of declining business revenue. When these provisions are ignored, the transaction may be recharacterized as a disguised, usurious loan rather than a purchase of future receivables. If Good Funding has already obtained a judgment by confession or default, we can help you evaluate the potential to file a Motion to Vacate under Utah Rule of Civil Procedure 60(b) by demonstrating a lack of due process or showing that the confession was obtained under false pretenses.

Ignoring a court summons or failing to respond to a legal filing from a creditor can lead to immediate, irreversible damage to your business assets. You must act promptly to preserve your rights and prevent the entry of a default judgment that could lead to bank levies or property liens.

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 aim to restructure your daily payment obligations to align with your current cash flow, reducing the immediate pressure on your business operations.
  • Subchapter V Bankruptcy Advice: When traditional restructuring is insufficient, we assist in Exploring Business Bankruptcy Options to provide a structured path for asset protection and debt reorganization.
  • Corporate Restructuring: We help implement long-term operational survival strategies to ensure your business can move past the current debt crisis.

Creditor Contact Information

More Utah Resources