CONNECTICUT MCA DEFENSE LAWYERS

ARE YOU WONDERING IF THERE’S A WAY OUT?

We are DelanceyStreet.com – a top tier business debt relief company based in NYC, who helps clients nationwide. We understand that a Merchant Cash Advance (MCA) can become toxic, leaving you with overwhelming daily payments.

If you have a lender who was demanding constant repayments, you might be worried about serious penalties, and how these penalties could endanger your business. This can feel like pouring money down the drain if you are on the brink of closing your doors.

Our Firm Philosophy
We believe in transparency, which means we talk to you openly about the legal risks and your defense strategies. We focus on your story, so we can show creditors that your business deserves a chance. That’s how we’ve helped countless business owners fight for debt relief.

Headline News: Business Owners in Connecticut often need legal defense against MCA providers who threaten lawsuits, or worse, claim you committed fraud. We’ve seen it happen, and we’re here to protect you.

UNDERSTANDING MERCHANT CASH ADVANCE ISSUES IN CONNECTICUT
A merchant cash advance isn’t a standard loan. It’s an advance on your future receipts. In Connecticut, if the MCA provider who was giving you funds claims you misrepresented sales, they might allege criminal wrongdoing. Criminal charges that stem from financial disputes could lead to investigations by the Connecticut Department of Banking, found at https://portal.ct.gov/dob, or even federal agencies like the Federal Trade Commission, found at https://www.ftc.gov.

If there’s evidence that was illegally obtained by the lender, it might be thrown out. This can seriously weaken the creditor’s case. When evidence is thrown out, the lender may lose its ability to prove wrongdoing.

POSSIBLE PENALTIES AND PUNISHMENTS
Fraud that occurs within MCA agreements, or alleged forgery of financial statements, could lead to civil or criminal penalties in Connecticut. Penalties that were imposed by a court might include large fines, probation, or even jail time. When you face these penalties, your personal assets might be at risk.

If the court decides you violated Connecticut banking regulations, then the Connecticut Department of Banking who was investigating could impose fines or revoke your business license. This could end your ability to operate freely.

CRIMES AND PUNISHMENT
Activities that were considered fraudulent may include forging documents or hiding business receipts. A conviction for any fraud-related crime can stay on your record and limit future financing options. When your record shows a fraud conviction, lenders might charge higher interest rates or deny your credit applications altogether.

Sometimes, if you default on an MCA, you might face civil lawsuits at the Connecticut Judicial Branch, located at https://www.jud.ct.gov. Lawsuits that were filed in these courts might lead to judgments and wage garnishments. These judgments can force you to hand over a portion of your revenue each month.

OUR STRATEGIES FOR DEFENDING YOU
We focus on communication with the lenders. A lender who was refusing to settle might change their tune when faced with experienced negotiators who know the law. After all, no one wants a long legal battle if it can be avoided.

We also investigate whether any documents were signed under unfair terms, or whether a personal guarantee exists. A personal guarantee that was improperly executed might be invalid, which means you could argue that you aren’t responsible personally. If the MCA contract includes hidden fees, we show how those fees are unfair. If the MCA provider who was servicing your account did not disclose the true factor rate, we highlight that to the court.

Case Results
Many of our clients negotiate new payment plans with reduced balances. We’ve seen successful outcomes where MCA providers agree to lower monthly installments. This can allow a business to breathe and keep operating.

Frequently Asked Questions

1. What happens if I stop paying the MCA?
   You might be sued in state or federal court. A default that was declared by your MCA provider can lead to legal judgments, which can force bank account levies or liens.

2. Is there a chance of criminal charges if the MCA goes bad?
   It depends. If the MCA provider alleges fraud, then the prosecutor who was assigned may investigate. Criminal charges can lead to potential jail time and fines.

3. Can I fight an MCA lawsuit on my own?
   You could, but it’s risky. MCA creditors have attorneys who know how to push for swift judgments. You need a defense team that understands how to negotiate, reduce balances, and protect your assets.

STATEMENT + CONSEQUENCE
Evidence that was poorly gathered by the lender may be ruled inadmissible. When evidence is ruled inadmissible, the creditor might not meet the burden of proof, which could result in a dismissed case.

A lump-sum settlement that was proposed by you might bring down the overall balance. When the overall balance goes down, you can keep more of your money for essential expenses, which means your business has a better chance of surviving.

HOW DELANCEYSTREET.COM HELPS YOU
Our approach is proactive. Our team opens the lines of communication with the MCA provider immediately. This can lead to new payment terms that stretch out the repayment schedule. When your repayments are lowered, you can focus on growing your revenue again.

CONTACT OUR TEAM
We’re always ready to listen. If your MCA provider who was calling every day is making threats, or if you fear a lawsuit, you should reach out. Let us see if we can help you avoid severe penalties, criminal charges, and damaging judgments.