Chat with us, powered by LiveChat



Glendale MCA Defense Lawyers Offer Business Debt Relief

Do you own a small business in Glendale struggling with merchant cash advance (MCA) debt? Have predatory MCA lenders buried your business in expensive debt? Don’t worry, help is available. The dedicated MCA defense lawyers at Delancey Street specialize in providing Glendale business owners relief from crippling MCA debt.

How Predatory MCA Lending Traps Small Businesses

Merchant cash advances seem like an easy fix when your Glendale business needs fast funding to cover payroll, inventory, or other expenses. MCA lenders promise quick cash without considering your ability to repay. They require you to repay through automatic daily withdrawals from your business checking account at sky-high interest rates ranging from 60% to as much as 350% APR.

  • Many small business owners don’t realize how the costs add up over an MCA loan’s short 6 to 12 month term
  • Hidden fees and gotcha provisions in MCA contracts catch owners by surprise
  • Daily repayments drain bank accounts faster than businesses can replenish them
  • Before you know it, massive MCA debts threaten to bankrupt your Glendale business

Delancey Street Glendale MCA defense lawyers have seen countless small business owners trapped by predatory merchant cash advance lending. We’re here to help you escape a crushing debt cycle and regain financial stability.

How Glendale MCA Defense Lawyers Negotiate Debt Relief

The dedicated small business debt relief experts at Delancey Street use multiple strategies to pressure MCA lenders for relief, such as:

  • Rate and Term Modifications – We negotiate with lenders to reduce your interest rate and extend repayment terms so monthly payments are affordable.
  • Settlements – We make low payoff offers backed by financial analysis showing what you can realistically afford. Many MCA lenders accept discounted lump sum settlements to recoup some losses quickly and avoid further legal costs.
  • Contract Defense – Our lawyers identify violations of state laws governing lending practices. We leverage these violations during settlement negotiations to eliminate fees, lower balances, and void default judgments.
  • Bankruptcy – Filing for bankruptcy halts collections and brings uncooperative MCA lenders to the negotiating table. Chapter 7 or Chapter 11 bankruptcy can eliminate or restructure crippling business debts.
See also  Atlanta MCA Defense Lawyers Business Debt Relief

Glendale Business Debt Relief Lawyers Defend Against Abusive Collection Practices

When MCA debts spiral out of control, predatory lenders resort to abusive collection tactics like:

  • Empty threats of criminal charges – Non-repayment of business debts generally doesn’t constitute fraud under Arizona law
  • Harassing phone calls – Debt collectors are prohibited under the Fair Debt Collection Practices Act from repeatedly calling Glendale business owners to the point of harassment
  • Freezing bank accounts – MCA lenders cannot legally freeze your bank accounts without a court order
  • Making unauthorized withdrawals – Lenders must have your consent to make automatic withdrawals from business accounts

The MCA defense lawyers at Delancey Street leverage state and federal consumer protection laws to immediately halt unlawful debt collection activities against Glendale business owners. We also help clients file complaints and lawsuits against unscrupulous MCA lenders.

Why Work With Delancey Street Glendale MCA Defense Lawyers

Delancey Street provides struggling Glendale small business owners comprehensive legal and financial help escaping predatory merchant cash advance debt, including:

  • Free Consultations – Our lawyers provide expert guidance tailored to your situation at no upfront cost.
  • Reasonable Flat Fees – We charge affordable flat fees, not hourly rates, so you know what to expect.
  • Debt Relief Experts – Our lawyers and financial experts work as a team to create customized debt relief solutions for your small business.
  • Proven Track Record – We have successfully negotiated over $250 million in small business debt relief since 2019.

Don’t keep struggling under massive MCA debt all alone – the dedicated small business debt relief experts at Delancey Street are ready to start negotiating your relief today.Schedule a free consultation now or call 212-210-1851 for immediate assistance escaping crushing merchant cash advance debt. Our Glendale MCA defense lawyers empower small business owners to regain financial stability.

See also  Alaska MCA Defense Lawyers Business Debt Relief

Frequently Asked Questions

Still have more questions about working with Delancey Street Glendale MCA defense lawyers to settle your business debts? Here are answers to some frequently asked questions:How long does the debt relief process take?

  • The timeline varies based on factors unique to your situation, but typically takes 4 to 8 weeks from beginning negotiations to securing a settlement. We move quickly to halt abusive collections while negotiations proceed.

What information do you need from me?

  • We’ll need you to provide financial records, MCA contracts, correspondence with lenders, bank statements, tax returns, profit and loss statements, and anything else relevant to evaluating your business finances.

Are debt relief settlements taxable?

  • Yes, the IRS generally treats forgiven or cancelled debt as taxable income. We can include tax provisions in settlements and help you plan for any tax consequences.

What happens if MCA lenders won’t negotiate settlements?

  • When lenders won’t cooperate, we leverage consumer protection violations and bad faith claims to build legal arguments for invalidating debts. As a last resort, we can file Chapter 7 or Chapter 11 small business bankruptcy petitions to eliminate unpayable debts.

Why shouldn’t I just negotiate with MCA lenders myself?

  • MCA lenders exploit borrowers’ lack of expertise through misleading proposals and pressure tactics. Our lawyers handle negotiations to ensure you receive legally sound agreements protecting your rights and best interests.

Delancey Street’s team of dedicated MCA defense lawyers and financial experts works closely with small business owners to escape abusive lending practices. Contact us for a free consultation and start down the path to financial freedom from crushing MCA debt

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
$350,000 MCA Restructured Over 2 Years

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
Connecticut Debt Relief Lawyers

Dealing with overwhelming debt can be a daunting and stressful…

Connecticut Timeshare debt relief lawyers

In today’s fast-paced world, timeshare ownership has become a popular…

Connecticut Medical Debt relief Lawyers

Medical debt is a growing concern for many Americans, and…

Connecticut Student Debt Relief Lawyers

Student debt has become a significant burden for many individuals…

Connecticut Debt Consolidation

Debt can be a heavy burden to bear, especially when…

Delancey Street simply gets it. You're talking to experts.
Steven Norris
Get Help Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Schedule Consultation