Dealing with GRP Funding in Utah?

When daily ACH withdrawals from GRP Funding threaten your business operations, the pressure on your cash flow can become unsustainable. At Cannon Legal PLLC, we work with Utah business owners who are struggling to maintain their livelihoods while facing aggressive collection efforts. Our firm prioritizes stabilizing your financial position by addressing the underlying legal disputes that allow these daily debits to persist. By taking proactive measures, we aim to help you regain control of your revenue and secure the future of your company.

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. When you are served with a lawsuit, your response time is limited, and failing to act can lead to permanent financial consequences for your business entity.

Failure to respond to a court summons within the state-mandated timeframe can result in a default judgment, which may lead to bank levies or asset seizures. Do not ignore legal notices; contact us immediately to discuss your defense options.

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 payment obligations, aiming to reduce the burden of daily ACH withdrawals that hinder your operational survival.
  • Subchapter V Bankruptcy: For businesses facing severe financial distress, we provide guidance on Exploring Business Bankruptcy Options to protect your essential assets.
  • Corporate Restructuring: We assist in reorganizing your business finances to ensure long-term sustainability and shield your company from further aggressive collection actions.

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