Dealing with Lendr in Utah?

When daily ACH withdrawals from Lendr begin to compromise your business’s operational viability, the pressure on your cash flow can feel insurmountable. Small business owners often find themselves in a position where revenue fluctuations are not being accounted for by their funders, leading to a cycle of debt that threatens the future of their enterprise. At Cannon Legal PLLC, we work with business owners to evaluate their financial obligations and implement strategies to halt these aggressive collection practices.

The Legal Reality for Utah Consumers

In Utah, merchant cash advance agreements are frequently scrutinized for their adherence to mandatory reconciliation, or “true-up,” provisions. When a funder fails to honor these clauses despite a documented decline in your business revenue, the arrangement may be recharacterized as a disguised, usurious loan rather than a purchase of future receivables. If Lendr has already initiated legal action or obtained a judgment by confession or default, our experienced legal team can move to file a Motion to Vacate under Utah Rule of Civil Procedure 60(b). We focus on challenging these judgments by highlighting potential due process deficiencies or demonstrating that the confession of judgment was obtained under questionable circumstances.

Failure to respond to a court summons or an entry of judgment can lead to the freezing of business bank accounts and the seizure of assets. You must act immediately upon receiving legal notices to preserve your right to contest the claims against your company.

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 repayment schedule with your actual current revenue.
  • Subchapter V Bankruptcy Advice: When restructuring outside of court is insufficient, we provide guidance on Exploring Business Bankruptcy Options to protect essential business assets while you reorganize.
  • Corporate Restructuring: We assist in streamlining your financial obligations to ensure long-term operational survival and stability.

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