Dealing with Libertas Funding in Utah?

When daily ACH withdrawals from Libertas Funding begin to compromise your company’s operational viability, the pressure on your cash flow can become unsustainable. Business owners often find themselves in a position where revenue fluctuations are not accounted for by the creditor, leading to a cycle of debt that threatens the survival of the enterprise. At Cannon Legal PLLC, we represent Utah businesses facing aggressive collection tactics, working to stabilize your financial position and address the legal challenges posed by these merchant cash advance agreements.

The Legal Reality for Utah Consumers

In Utah, defense counsel can challenge Merchant Cash Advances by scrutinizing whether the funder honored mandatory reconciliation, or “true-up,” clauses when business revenues declined. Ignoring these contractual requests effectively transforms the transaction into a disguised, usurious loan, which may be subject to different legal standards. If a funder has obtained a judgment through confession or default, our team can assist in filing a Motion to Vacate under Utah Rule of Civil Procedure 60(b), arguing that the process lacked due process or that the confession was executed under false pretenses.

Ignoring a court summons or failing to respond to a judgment notice in Utah can lead to immediate bank levies and asset seizures. You must act promptly to preserve your rights and prevent the creditor from enforcing a judgment against your business accounts.

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 debt obligations with your current, actual cash flow.
  • Subchapter V Bankruptcy Advice: When restructuring outside of court is insufficient, we provide guidance on Exploring Business Bankruptcy Options to protect essential business assets.
  • Corporate Restructuring: We assist in reorganizing your business operations to ensure long-term survival and reduce the impact of predatory financial arrangements.

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