Georgia MCA Defense Lawyers Business Debt Relief
Do you own a small business in Georgia that is struggling with debt? You are not alone. Many business owners have found themselves falling behind on payments to creditors like merchant cash advance (MCA) companies. The good news is that help is available.
Our Debt Relief Services
Here at Delancey Street, we specialize in providing customized debt relief solutions for small business owners. We are not a law firm, but we work closely with experienced attorneys to fight back against predatory MCA companies.Our services include:
- Debt settlement – We can help negotiate with your creditors to reduce the amount you owe. This can save you thousands of dollars.
- Debt restructuring – We work with you to come up with an affordable new payment plan that works for your budget.
- Legal defense – Our network of attorneys can defend your business against intimidating and aggressive collection tactics from MCA companies.
We take great pride in the work we do. Our entire team is dedicated to helping business owners like you regain control of your financial future. When you work with us, we assign an expert to handle your case one-on-one from start to finish.
Common MCA Company Tactics
Merchant cash advance companies promise business owners quick access to capital. But the terms of these loans often end up trapping owners in debt they cannot repay. Tactics used by predatory MCA companies include:
- Excessively high interest rates and fees
- Misleading information on actual costs
- Buried terms and conditions
- Aggressive collections and threats
- Attempts to drain business bank accounts
Many of these tactics are unethical or even illegal. But MCA companies know that small business owners rarely have the resources to fight back.That’s where we come in.
Legal Defenses Against MCA Companies
If you are facing collections or a lawsuit from an MCA company, contact us today at 212-210-1851 for a free case review. Our legal team can analyze the specifics of your situation and identify potential defenses such as:
- Unconscionability – MCA contracts that are unjustly one-sided can potentially be ruled unenforceable.
- Usury violations – Interest rates and fees above state maximums may invalidate the debt.
- Deceptive trade practices – Misleading or false statements could nullify the contract.
- Breach of covenant of good faith – Aggressive collections without attempting to work with the borrower are unlawful.
In many cases, these defenses can result in lawsuits from MCA companies being completely dismissed or the debt being wiped away.
Our Track Record of Success
We have an extensive track record helping business owners fight back against MCA companies and regain financial stability. For example:
- We helped the owner of a Georgia pizza shop settle $112,000 in MCA debt for only $28,000 – a 75% savings.
- Our lawyers got a lawsuit dismissed against a boutique fitness studio owner after proving the MCA contract violated state lending laws. This eliminated their $97,000 debt.
- We defended a family-owned restaurant from an MCA company’s illegal attempts to freeze their bank accounts and helped negotiate an affordable repayment plan.
Every situation is different, but these examples show why it pays to have experienced professionals on your side.
A Light at the End of the Tunnel
Dealing with business debt can feel incredibly isolating and stressful. But remember – you did not get here overnight, and you won’t get out of it overnight either. Be patient with yourself and focus on taking it one step at a time.With our customized debt relief solutions, transparent guidance, and legal expertise, we can help you see the light at the end of the tunnel again. Don’t keep struggling alone. Contact us today online or call 212-210-1851 for a free consultation. We are here to help get your business back on track.
