Are you a business owner in Washington who was threatened with a lawsuit or other legal action by a merchant cash advance (MCA) provider?
We’re DelanceyStreet.com, a top tier business debt relief company based out of NYC, that helps clients nationwide. We have immense experience defending business owners who are facing MCA troubles.

What Is an MCA That Was Offered to Washington Businesses?
A merchant cash advance, or MCA, is a financing option that was created to help companies that are short on working capital. This means business owners can get money quickly. This can help if you’re running low on cash and can’t find financing through standard methods. When an MCA is in default, creditors might threaten lawsuits, which can lead to serious consequences for your business and personal finances. These consequences can include wage garnishments or even property liens, which might make it impossible to keep up with your day-to-day bills.

Potential Penalties That Are Linked to MCA Defaults
Penalties that are tied to MCAs can vary. This means some providers might charge steep fees or accelerated repayment schedules, which can cripple your cash flow. If you fail to pay, you risk a legal judgment, which could result in a bank account freeze or a lien against your property. If you signed a personal guarantee, you can be held personally responsible, which might destroy your personal credit and lead to debt collectors harassing you.

For more information on creditor rights, visit the Washington State Office of the Attorney General at http://www.atg.wa.gov. This government agency offers insight on how lenders should handle consumer debt and outlines steps you can take if you believe your rights were violated.

Crimes and Punishment That Can Arise in MCA Cases
Some MCA cases can involve allegations of fraud. Fraud that was committed by forging documents or lying about revenue could lead to criminal charges. That means you could face fines or jail time, which would ruin your reputation and push your business into more debt. A conviction that is related to financial misrepresentation can carry a sentence including probation, large penalties, or incarceration. This might bar you from obtaining future credit or government-backed loans.

If the prosecutor accuses you of fraudulent behavior, then you might be forced to defend yourself in criminal court. Evidence that was gathered by law enforcement is used to build a case. Evidence that was illegally obtained may be excluded. This means the government’s argument can be weakened, which could lead to a more favorable outcome for you.

For further details about white-collar crimes and penalties, visit the Federal Trade Commission at https://www.ftc.gov. That website has resources for consumers and business owners who are trying to understand complex finance laws.

Why Choose DelanceyStreet.com
We’re a top tier organization that was formed to protect your rights when lenders come after you. We know how MCAs work. That means we understand how lenders might try to freeze your bank accounts or file lawsuits using a confession of judgment. Confessions of judgment that were signed can enable an MCA provider to get a rapid judgment, which can cause your business to suddenly lose operating capital. This can force you to close your doors, which might lead to lost jobs for employees and long-term damage to your community.

Regardless – we can help you. We aim to defend you and keep your business afloat by negotiating with creditors or litigating in court. We believe in direct communication with lenders, so we can aim to reduce your overall debt load, which might provide you with more cash flow to operate. We do not judge you if you stacked multiple MCAs. Instead, we focus on finding a structured method of settlement or reduction so you can keep doing business in Washington.

Key Strategies That We Use in Your Defense

1. Investigation That Was Tailored to Your Case
   We gather documentation, including contracts you signed and bank statements. This means we can find any illegal provisions or hidden fees, which can strengthen your defense and possibly lead to a dismissal.
2. Negotiation That Was Prepared With Strong Evidence
   We negotiate with creditors to reduce interest rates or total amounts owed. This means your monthly costs can go down, which helps you avoid defaulting again.
3. Litigation That Was Focused on Outcomes
   Sometimes, lenders won’t agree to a settlement. This means we might have to go to court, which can be complicated. If that happens, we can fight to protect your personal assets and business accounts.
4. Open Communication That Was Designed for Faster Results
   We keep lines of communication with creditors open. This means we can possibly finalize a workable agreement more quickly, which might help you avoid shutting down your business.

Understanding the Consequences If You Ignore MCA Problems
Many business owners ignore debt issues because they feel overwhelmed. This can lead to default judgments, which might allow creditors to seize funds from your bank account. A default judgment that was granted can damage your credit, which hurts your chances of getting future loans or lines of credit. You might even face lawsuits that drag on for years, resulting in increased stress and higher costs.

If you want to review more about state laws on business finance, consider checking the Washington State Department of Financial Institutions at https://dfi.wa.gov. That site outlines various regulations that can affect your situation.