Dealing with Mantis Funding in Utah?

For many Utah business owners, the daily drain of ACH withdrawals from a Merchant Cash Advance can threaten the very survival of their operations. When Mantis Funding initiates legal action, the pressure on your cash flow intensifies, often leading to frozen accounts and operational paralysis. At Cannon Legal PLLC, we represent business owners who are struggling to maintain their bottom line while facing aggressive collection efforts. Our objective is to stabilize your finances and provide a path toward long-term sustainability.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding Merchant Cash Advances often hinges on the distinction between a purchase of future receivables and a disguised, usurious loan. Our experienced team scrutinizes whether the funder honored mandatory reconciliation or “true-up” clauses during periods of declining revenue. When these contractual obligations are ignored, the transaction may be recharacterized under state law. Furthermore, if Mantis Funding has already obtained a judgment through confession or default, we can help you file a Motion to Vacate under Utah Rule of Civil Procedure 60(b) to challenge the process on grounds of lack of due process or false pretenses.

Ignoring a court summons or failing to respond to a lawsuit filed by a creditor in Utah can lead to immediate, irreversible financial consequences, including bank levies and asset seizures. You must act promptly to preserve your legal rights and prevent a default judgment.

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 current obligations to lower or pause crippling daily payments, allowing your business the breathing room it needs to recover.
  • Subchapter V Bankruptcy: For businesses facing insurmountable pressure, we offer guidance on Exploring Business Bankruptcy Options to protect your essential assets while reorganizing debt.
  • Corporate Restructuring: We assist in developing comprehensive strategies to ensure your operational survival and long-term financial health.

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