Aggressive Representation for Merchant Cash Advance Issues
At Cannon Legal PLLC, we understand that a Merchant Cash Advance (MCA) can quickly spiral from a financial lifeline into a crushing burden. We provide comprehensive legal defense for business owners facing aggressive collection tactics, daily bank withdrawals, and freezing of assets.
Shield Your Revenue: Expert MCA Defense & Contract Analysis
Our service focuses on shielding your business from predatory lending practices. We handle all communications with lenders, analyze your contracts for illegalities (such as usury disguised as “purchase of future sales”), and fight to restructure your debt. Whether you are dealing with a Confession of Judgment (COJ), a UCC lien on your assets, or relentless phone calls, our team steps in to protect your revenue.
Fees and Consultation We believe in transparency. We offer an initial consultation to review your specific merchant agreement and financial situation. Our fees vary depending on the complexity of your case and the number of positions you hold, which we will discuss clearly before you hire us.
Why Business Owners Trust Us to Fight MCAs
When your business is drowning in daily payments, you need more than a debt consolidator; you need a law firm. Here is why thousands of US consumers choose Cannon Legal PLLC:
- Deep Nationwide Experience: We have successfully represented thousands of clients across the United States, understanding the nuances of MCA laws in various jurisdictions.
- We Stop the Harassment: The moment you hire us, we demand that collectors stop contacting you. All communication goes through us, giving you peace of mind.
- Aggressive Negotiation: We don’t just ask for better terms; we leverage legal statutes to challenge the validity of the debt, often resulting in significant savings or settlements.
- Protection Against Liens: We are experienced in fighting UCC-1 liens and freezing attempts that threaten your ability to operate your business.
Tailored Legal Strategy: We analyze your specific Merchant Agreement to find “Confession of Judgment” clauses or deceptive practices that can be used in your defense.
Common Questions About Merchant Cash Advance Defense
To build your defense, we typically need a copy of your Merchant Agreement (contract), your payment history, recent bank statements, and any emails or letters sent by the MCA lender.
Every business situation is unique. We offer a consultation to discuss your specific case and our fee structure. Our goal is to provide a solution that saves you money in the long run.
This depends on your specific financial health and legal exposure. We will review your cash flow and contract to recommend the best course of action—whether that means conserving funds for a settlement or continuing payments while we negotiate.
MCA lenders often file a UCC-1 financing statement to secure their interest in your business assets. This can freeze your ability to get other funding. We work to negotiate the release or removal of these liens.
If the lender used false, misleading, or deceptive practices to get you to sign, you may have legal claims under state Deceptive Trade Practices Acts. We will explore your legal options to hold them accountable.
This is a complex legal area. Many MCA funders claim they are “purchasing future receivables” to avoid usury (interest rate) laws. If we can prove the agreement functions as a loan with illegal interest rates, we may be able to invalidate parts of the debt.
Yes. Our attorneys are skilled negotiators. We work to modify payment terms, reduce the total outstanding balance, and reach settlements that allow your business to remain operational.
Most MCA agreements grant “ACH access.” If you default or miss a payment, they may attempt to drain your account. We advise you on strategies to protect your banking assets and can challenge the legality of unauthorized withdrawals.
A Confession of Judgment is a clause hidden in many MCA contracts. It allows the lender to bypass the legal system and obtain a judgment against you instantly—often without you even knowing—allowing them to seize assets. We analyze your contract to challenge the validity of these clauses.
Yes. You have the right to operate your business without harassment. Once retained, our firm sends a formal Cease and Desist letter, legally requiring them to direct all future communication to our attorneys.
An MCA is not technically a loan; it is a funding option where a company provides cash upfront in exchange for a percentage of your future sales. However, they often function like high-interest, short-term financing that can cripple cash flow.
Texas has various legal aid organizations that provide free or low-cost legal assistance to eligible individuals. We can provide you with referrals to these resources. You can also explore resources like TexasLawHelp.org or ConsumerCreditLaw.org.
Texas law outlines procedures for tenants to request repairs from their landlords. If your landlord fails to make necessary repairs, you may have certain legal options, such as terminating the lease or making repairs yourself and deducting the cost from your rent.
Texas law provides tenants with certain rights in eviction proceedings. We can review the eviction notice and help you understand your options for responding and potential defenses you may have.
Do not pay any upfront fees. Contact us immediately, and we can advise you on filing complaints with the Texas Attorney General and the Federal Trade Commission (FTC). We can also explore potential legal action to recover any funds you may have lost.
Potential outcomes include stopping harassment, negotiating a more favorable repayment plan or settlement, defending against a lawsuit or confessed judgment, and potentially recovering damages if the MCA lender violated the law.
We offer a consultation to discuss your case and our fee structure. Fees may vary depending on the complexity of your situation.
Typically, we will need a copy of your Merchant Agreement, payment history, all communications with the MCA lender and collectors, and details about your business’s financial situation.
We will discuss the best course of action with you based on your specific situation. In some cases, continuing payments may be advisable, while in others, it may be better to conserve funds while we negotiate.
Many MCA agreements require ACH access. If you are in default, they may attempt to withdraw funds. We can advise you on strategies to protect your account, while also considering the potential legal ramifications.
If the lender engaged in false, misleading, or deceptive practices, you may have a claim under the Texas Deceptive Trade Practices Act (DTPA), and we can help you explore your legal options.
Yes, our attorneys have experience negotiating with MCA lenders to modify payment terms, reduce the outstanding balance, and reach settlements.
A confession of judgment (COJ) clause may allow the lender to obtain a judgment against you in another state without a full legal proceeding. We can analyze the COJ and explore options to challenge its validity or enforcement in Texas and other states..
You have the right to tell them to stop. Our firm can send a cease and desist letter on your behalf to stop the harassment and ensure all communication goes through us.
An MCA is a funding option for businesses where a lender provides an upfront sum in exchange for a portion of the business’s future sales. While not technically a loan, they often function like high-interest, short-term financing.