Dealing with Jett Capital in Utah?

For business owners across Utah, the pressure of daily ACH withdrawals can threaten the very survival of your operation. When Jett Capital initiates collection actions or legal proceedings, the financial strain on your cash flow becomes immediate. Our firm works with business owners to address these aggressive collection tactics, focusing on strategies that aim to stabilize your revenue and protect your commercial assets from further depletion.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding Merchant Cash Advances (MCAs) hinges on the distinction between a purchase of future receivables and a disguised loan. We scrutinize whether Jett Capital honored mandatory reconciliation, or “true-up,” clauses when your business revenues declined. Failure to provide these adjustments can recharacterize the transaction as a usurious loan, which may be unenforceable under state law. Furthermore, if a creditor has obtained a judgment by confession or default, we can assist in filing a Motion to Vacate under Utah Rule of Civil Procedure 60(b) to challenge the process or the validity of the underlying documentation.

Failure to respond to a court summons in Utah can lead to a default judgment, granting the creditor the ability to garnish business accounts or seize assets. Do not ignore legal notices; consult with an experienced attorney immediately to preserve your rights to challenge the filing.

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 payment schedules, aiming to align your debt obligations with your actual current revenue.
  • Subchapter V Bankruptcy: For businesses facing insurmountable pressure, we offer guidance on Exploring Business Bankruptcy Options to provide a structured path toward debt relief while maintaining operational control.
  • Corporate Restructuring: We analyze your organizational structure to implement changes that shield your essential business assets and support long-term survival.

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