Dealing with Lexio Capital in Utah?

When daily ACH withdrawals from Lexio Capital begin to compromise your company’s cash flow, the financial pressure on your business can become overwhelming. Managing these aggressive repayment demands requires a strategic approach to maintain your operational viability. At Cannon Legal PLLC, we assist Utah business owners in addressing these high-pressure financial obligations by evaluating the underlying agreements and challenging the enforcement of these payments when they threaten your business survival.

The Legal Reality for Utah Consumers

In Utah, defense counsel can scrutinize whether a funder honored mandatory reconciliation or “true-up” clauses when your business revenues declined. Failing to honor these provisions can effectively transform the transaction into a disguised, usurious loan, which is a critical point of contention in litigation. If a funder has obtained a judgment by confession or default, we can move to file a Motion to Vacate under Utah Rule of Civil Procedure 60(b), asserting that the process lacked due process or that the confession was obtained under false pretenses.

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. It is vital to address these matters immediately upon receipt of notice to preserve your legal 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 daily payment obligations to align with your actual revenue, preventing the total depletion of your operating capital.
  • Subchapter V Bankruptcy: For businesses facing insurmountable debt, we provide advice on using this streamlined process to protect your essential assets while reorganizing your liabilities. Exploring Business Bankruptcy Options is a key step in this analysis.
  • Corporate Restructuring: We assist in developing a long-term plan to stabilize your business, allowing you to regain control over your financial future and operational survival.

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