Dealing with Merit Business Funding in Utah?
When daily ACH withdrawals from a merchant cash advance begin to compromise your business operations, the financial strain can feel overwhelming. At Cannon Legal PLLC, we assist small business owners in Utah who are facing aggressive collection actions from Merit Business Funding. Our objective is to stabilize your cash flow and protect your company’s assets from being drained by unsustainable repayment schedules.
The Legal Reality for Utah Consumers
In Utah, legal defense strategies often center on whether the funder adhered to mandatory reconciliation or “true-up” clauses during periods of diminished revenue. If a funder ignored these essential requests, the agreement may be recharacterized as a disguised, usurious loan rather than a purchase of future receivables. Furthermore, if Merit Business Funding has obtained a judgment via confession or default, we can help file a Motion to Vacate under Utah Rule of Civil Procedure 60(b), challenging the validity of the process or the circumstances under which the confession was signed.
Failure to respond to a court summons in Utah can result in a default judgment, which grants the creditor the power to levy bank accounts or garnish business assets. Do not ignore legal notices; immediate action is required to preserve your right to contest the claims.
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 create a sustainable payment plan that aligns with your actual business revenue.
- Subchapter V Bankruptcy: For businesses facing severe insolvency, we provide counsel on Exploring Business Bankruptcy Options to reorganize debt while maintaining operational control.
- Corporate Restructuring: We assist in realigning your financial obligations to support long-term survival and protect your essential business infrastructure.