Dealing with Masada Funding in Utah?

When daily ACH withdrawals from a merchant cash advance begin to compromise your business operations, the financial strain can feel insurmountable. Small business owners often find themselves in a position where cash flow is prioritized for creditors rather than payroll or operational overhead. At Cannon Legal PLLC, we assist business owners in Utah who are facing aggressive collection efforts from third-party debt buyers like Masada Funding. We focus on stabilizing your financial position and exploring legal avenues to halt the depletion of your capital.

The Legal Reality for Utah Consumers

In Utah, the legal landscape surrounding merchant cash advances is nuanced. We scrutinize whether a funder honored mandatory reconciliation or “true-up” clauses during periods of declining business revenue. If a funder ignored these essential requests, the transaction may be recharacterized as a disguised, usurious loan rather than a purchase of future receivables. Furthermore, if Masada Funding 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). This approach challenges the judgment by highlighting a lack of due process or demonstrating that the confession was executed under false pretenses.

Ignoring a court summons or failing to respond to a judgment in Utah can lead to severe consequences, including bank levies and asset seizures. It is critical to take proactive steps immediately upon receiving notice of legal action to preserve your rights and defend your business interests.

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 payment obligations, aiming to reduce the burden of daily ACH withdrawals that threaten your company’s survival.
  • Subchapter V Bankruptcy Advice: If your debt load is unsustainable, we provide guidance on Exploring Business Bankruptcy Options to protect your core assets while reorganizing your liabilities.
  • Corporate Restructuring: We assist in developing a long-term operational strategy designed to keep your business viable and resilient against future creditor pressure.

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