Are you a business owner who was overwhelmed by merchant cash advances (MCAs)? Are you worried about the chance of legal troubles that can put your business at risk or shut it down? We’re DelanceyStreet.com, a top rated business debt relief company that is based out of NYC, helping clients nationwide. We understand that life in St. Louis can be demanding, and we’re here to protect your rights if you’re facing a lawsuit or a potential criminal claim related to MCAs.

Understanding Merchant Cash Advances
A merchant cash advance that was repaid on a daily and weekly basis can strain your business finances, because MCA providers can take payments from your bank account daily or weekly. This repayment can cause you to miss your payroll, which can absolutely harm your company’s reputation. If you default on the MCA debt, then an MCA lender who was not paid will try to sue you for breach of contract, or claim you committed fraud because you said you could repay the funds – but are now choosing not to. The MCA lender can file a lawsuit, and this can lead to expensive fees, possible judgments, and even place liens against your assets.

Penalties, Crimes, and Punishments
Civil Penalties
MCA lenders who file civil cases against you, or your business, can seek to collect everything you owe plus additional damages that can be expensive. Business owners who are found liable might have bank accounts frozen, which can destroy day-to-day operations.

Criminal Allegations
In rare situations, an MCA lender who was not repaid can accuse you of fraud if there was a claim that you lied about finances – where you falsely claimed you were able to repay the MCA debt, but now are defaulting. That accusation of fraud from the MCA lender can lead to serious charges under Missouri law. Evidence that was illegally obtained by the MCA lender can be thrown out, but you will need a great defense to fight these accusations. We rarely see an issue become a criminal defense case, when it’s a simple MCA default. Criminal convictions can mean huge fines or even prison time, which can affect your personal future. For detailed information about Missouri laws, you can visit the Missouri Courts Official Website. If criminal charges arise from the conduct, then you can also read more about business fraud on the Federal Trade Commission (FTC) website.

How We Defend You
We use strategies that were tested in the toughest situations and courts, which can help you avoid the worst outcomes.

1. Challenging Evidence
   Evidence that was collected without following the law can be inadmissible, which can force the plaintiff or prosecutor to drop the case. This challenge can save you huge sums of money, and it can keep you free from judgments.

2. Negotiating Settlements
   We speak with creditors who are demanding payment, and we negotiate new terms for the business loan, our goal is to restructure it. This approach can reduce the total amount you owe, or lower your interest rate/factor rate in order to reduce your overall payback. When creditors agree to terms that are better for you such as a term extension, your business as a result gets room to breathe, and you stay out of court battles.

3. Using Confession of Judgment (COJ) Defenses
   A COJ that was signed can allow a lender to get a judgment against you quickly. We look for any violations that might invalidate the confession of judgment, which can weaken the lender’s case. If the COJ is tossed out, your business can get time to restructure debt.

4. Examining Fraud Allegations
   Fraud charges that are unsupported can be dismissed, which can protect you from criminal liability. When courts see that there is no valid proof, your case can end favorably.

FAQs: St. Louis MCA Defense
Q: Can I face jail time for MCA issues?
Yes, a prosecutor who brings criminal fraud charges might ask for prison time. This is not normal. This is only in situations of fraud, involving wire fraud, mail fraud.

Q: Will a lawsuit force my business to shut down?
A creditor that obtains a judgment may take your funds, and that can choke your business cash flow. If you cannot pay for inventory or wages, your business might be forced to close.

Q: How does Delancey Street help me?
We negotiate with MCA providers who are threatening you, and we develop legal defenses if you face court proceedings. This collaboration can lead to a workable payment plan or a settlement that resolves your biggest worries.

Why Choose Delancey Street
We are a top tier business debt relief company that was founded by an attorney. Our team knows how MCA providers operate, and we have insider knowledge of how to reduce fees and possibly avoid criminal charges. We have the experience to protect you, and we have relentless negotiation skills that can bring results.