Dealing with Mulligan Funding in Utah?

Daily ACH withdrawals from a merchant cash advance can quickly destabilize a business, turning manageable overhead into a crisis of liquidity. When Mulligan Funding initiates legal action, the pressure on your operational capital intensifies. At Cannon Legal PLLC, we represent business owners who find themselves trapped by aggressive collection tactics. Our objective is to stabilize your finances and provide a legal shield that allows your company to regain its footing in the Utah marketplace.

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 loan. When business revenues decline, we scrutinize whether the funder honored mandatory reconciliation or “true-up” clauses. Failure to adhere to these provisions may classify the transaction as a usurious loan, which is subject to strict state regulations. If a creditor has already secured a judgment through confession or default, we move to challenge the validity of those proceedings. We aim to file a Motion to Vacate under Utah Rule of Civil Procedure 60(b) by demonstrating that the confession was obtained under false pretenses or that your right to due process was compromised.

Ignoring a court summons or failing to respond to a judgment notice in Utah can lead to the immediate seizure of business assets and bank accounts. You must act promptly to preserve your rights and prevent the enforcement of 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 intervene to restructure your crippling daily payment obligations, aiming to bring them into alignment with your actual current revenue.
  • Subchapter V Bankruptcy Advice: When restructuring outside of court is insufficient, we assist in Exploring Business Bankruptcy Options to protect your essential assets from liquidation.
  • Corporate Restructuring: We provide counsel on organizational changes designed to ensure long-term operational survival and insulate your business from future litigation risks.

Creditor Contact Information

More Utah Resources