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Portland MCA Defense Lawyers Business Debt Relief

Running a small business comes with many financial challenges. As a business owner, you may have found yourself facing overwhelming business debt that feels impossible to repay. If you have outstanding balances on merchant cash advances (MCAs), you may be struggling under the weight of high interest rates and aggressive collection tactics.The good news is that you have options – and the expert MCA defense lawyers at our firm can help.

How We Can Assist With Your MCA Debt

Our firm provides professional legal services to help business owners find financial freedom from MCA debt. With over a decade of experience, our lawyers specialize in defending clients from predatory MCA companies.We take an empathetic, customized approach to every client’s situation. We understand the immense stress that MCA debt can cause, and we’re here to be a compassionate resource for you. Our services include:

  • Debt negotiation & settlements – We leverage our litigation experience to negotiate reduced payoff amounts with MCA companies. Many clients settle their balances for pennies on the dollar.
  • Improper lending disputes – If you were misled or defrauded into accepting an MCA, we can build a case to invalidate the agreement.
  • Collection lawsuit defense – If an MCA company takes you to court for nonpayment, we defend you and fight for a favorable outcome.
  • Bankruptcy evaluation – For some clients, bankruptcy may be the most viable path to financial freedom. We thoughtfully assess when it’s appropriate to explore this option.

Whether your financial struggles are due to the pandemic, industry changes, or other hardships outside your control, you deserve support. Our lawyers provide individualized debt relief solutions so you can get out from under the burden of MCA loans.

See also  Alaska MCA Defense Lawyers Business Debt Relief

Common Hardships Caused By MCA Debt

Predatory merchant cash advance companies target vulnerable business owners and lock them into deals they can’t afford to repay. Even ethical MCA loans can spiral out of control if your revenue takes an unexpected dip.Some common situations we see with distressed MCA debt include:

  • Deceptive sales tactics – MCA brokers often misrepresent terms like rates, payoff amounts, daily repayment amounts, and more. Hidden fees also drive up balances.
  • Unaffordable payments – MCA payments are taken daily from your bank account based on a percentage of sales. If sales decline, payments remain the same, quickly becoming unmanageable.
  • Balloon payments – MCA loans typically have 6-12 month terms, after which the remaining balance comes due as a single balloon payment that borrowers can’t afford.
  • Aggressive collections – MCA lenders use harassing tactics like calling 10+ times a day, contacting your customers about the debt, and immediately filing lawsuits for nonpayment.

This kind of financial stress can negatively impact your mental and physical health. But again – you have options, and our lawyers are here to help.

Legal Protections Against Abusive MCA Companies

If you feel trapped and abused by your MCA agreement, it’s important to understand your rights. There are legal protections you can leverage to dispute improper lending practices and defend yourself from mistreatment by predatory MCA companies.

  • The Fair Debt Collection Practices Act (FDCPA) makes it illegal for lenders to harass, oppress, or abuse you in attempting to collect debts. Tactics like calling before 8 am or after 9 pm, threatening violence, contacting your employer, and more violate federal law.
  • Usury laws regulate the maximum interest rates lenders can charge. Rates above state usury caps may invalidate loan agreements or allow for settlements below principal amounts.
  • The Uniform Commercial Code (UCC) governs secured lending transactions. Non-compliance with UCC regulations can provide grounds to contest the validity of an MCA agreement.
  • RICO laws give recourse against companies engaged in patterns of racketeering activity – applicable charges against abusive MCA lenders include mail/wire fraud, extortion, and more.
See also  Arizona MCA Defense Lawyers Business Debt Relief

Our experienced MCA defense lawyers help clients understand these protections and leverage them to their advantage in legal disputes. We also counsel clients on selecting ethical alternative lending options to avoid situations like this in the future.

Why Work With Our MCA Defense Firm?

Navigating MCA debt disputes requires an attorney well-versed in this unique, complex area of commercial lending law. Our firm’s exclusive focus defending small business owners gives us distinct advantages over general practice lawyers.Our track record of results speaks for itself – we’ve successfully reduced or dismissed MCA debt for hundreds of clients. Specific examples include:

  • Settled a $97,000 MCA balance for $27,000 on behalf of a struggling Portland restaurant
  • Got a six-figure MCA contract ruled unenforceable for a local retail store, dismissing all repayment obligations
  • Halted abusive collections against a Portland tech startup by obtaining a restraining order against the MCA company

We make access to justice attainable by offering flexible payment plans and pricing models. Our consultations are always free. We also provide flat fee limited-scope arrangements so you only pay for the legal services you truly need.Our lawyers care – we take pride in being compassionate counselors and zealous advocates. We understand the emotional toll of financial problems, and provide both legal and emotional support. Our commitment is to serve as a trusted partner so you feel empowered, not judged.If you have outstanding MCA debt hanging over your small business, don’t wait to seek help. Our firm offers a free, no-obligation case assessment, so contact us today to discuss your situation with an attorney. We’re here to listen and develop an action plan to resolve your financial struggles.

See also  Anchorage MCA Defense Lawyers Business Debt Relief

Frequently Asked Questions

Q: How long will the debt settlement process take?A: Every client’s situation is unique, but generally we see resolution in 6-12 months. Complex litigation may take longer, but we continually update clients on case progress.Q: Can I get MCA debt dismissed through bankruptcy?A: Yes, both Chapter 7 and Chapter 13 bankruptcies can discharge MCA loans. We help clients weigh the pros and cons to advise if bankruptcy is the best path.Q: What information should I gather to start my case?A: Useful documents include your MCA agreement, bank statements showing payments/debits, communication with the lender, and financial records demonstrating hardship. We help gather anything else needed.Q: I took out another loan to pay off the first MCA. What do I do?A: This scenario – being caught in a debt trap – is unfortunately common with MCA loans. The good news is consolidating multiple MCA balances into one case often strengthens our settlement position.Q: How do I stop daily payments while I dispute my MCA debt?A: We can request payments cease directly with the lender while we negotiate or litigate your case. If needed, we also help clients change bank account information to halt debits.

Let Our MCA Defense Lawyers Help You Regain Financial Freedom

Don’t let predatory MCA companies keep strangling your small business finances. You have rights, and our dedicated lawyers are here to fight for justice on your behalf. Contact us for a free consultation or call us at 212-210-1851 to learn more. Our team is compassionate, experienced, and highly motivated to alleviate your financial stresses. We offer reasonable payment plans and regularly take cases on a contingency fee basis aligned with getting you results.




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

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