Mesa Business Debt Settlement and Merchant Cash Advance Lawyers

Mesa Business Debt Settlement and Merchant Cash Advance Lawyers

Running a small business is tough. There‘s so much to manage – employees, customers, suppliers. And then there‘s the financial side of things. As a business owner in Mesa, you know how difficult it can be. One late payment from a client and suddenly your cash flow dries up. Or sales hit a slump for a few months. Before you know it, you‘ve racked up business debt on loans or credit cards just trying to keep things afloat.We get it. We’ve worked with hundreds of small business owners in Mesa over the years. Taking on business debt is often unavoidable when running a company. But too much debt can put everything you‘ve worked for at risk. The good news is there are solutions available to get your finances back on track.

How Can a Business Debt Settlement Lawyer in Mesa Help?

If you have unsecured business debt like loans or credit cards in the range of $10,000 up to millions, settling that debt through our debt settlement program can help you avoid bankruptcy and protect your assets. Here‘s how it works:

  • We negotiate with your creditors to reduce the amount you owe. Often we can settle debt for 40-60% less than the full balance.
  • Instead of paying the creditors directly, you make affordable monthly payments into a dedicated account.
  • Once there are sufficient funds to make a settlement offer, we negotiate with the creditor for the reduced payoff amount.
  • When a settlement is reached, funds from your account are used to pay that creditor.

This can help you:

  • Avoid harassing calls from creditors
  • Stop accruing interest and fees
  • Pay off debt faster
  • Reduce stress and sleep better

Debt settlement done right takes expertise. Our business debt settlement lawyers in Mesa have settled millions in business debt over the years. We know what strategies work to get creditors to agree to discounted settlements.

What About Merchant Cash Advance Debt?

Another common way Mesa business owners get into debt trouble is through merchant cash advances (MCAs). The appeal is obvious – quick access to capital without all the paperwork of a bank loan. But those easy funds come at a steep price.MCA companies can charge interest rates over 100% when calculated as an APR. And they take a cut of your daily credit card sales until the balance has been paid back. If your business has a slow period, you may end up owing far more than the amount you originally borrowed.If you have unaffordable merchant cash advance debt, our lawyers may be able to help in a few ways:

  • Renegotiate the agreement – We’ve been successful at getting MCA companies to reduce the daily repayment amount to something more affordable.
  • Settle for less than you owe – Like with credit card debt, we can often negotiate a discounted lump sum payoff amount so you can move on.
  • Challenge sketchy agreements – Some MCA companies use deceptive tactics or fail to follow regulations. We scrutinize each agreement to see if there are grounds to invalidate the debt.

Why Work With Us?

As you can see, having an experienced business debt settlement lawyer in your corner can make all the difference. Here are a few key reasons Mesa business owners choose to work with us:

1. Free Consultation – We provide a free, no-obligation consultation to discuss your financial situation. This helps us understand your specific business, debt, and goals so we can customize a solution.

2. Attorney-Based Program – Debt settlement is most effective when legal skill is applied. Our nationwide network of business attorney has the leverage, expertise, and relationships with creditors to negotiate reduced settlements.

3. Exceptional Track Record – Over the years we’ve helped over 10,000 business owners settle more than $250 million in debt. Our high settlement rates result from decades of experience.

4. Personal Service – From start to finish you’ll work with a dedicated account manager. This single point of contact provides guidance, answers questions, and keeps you updated on progress.

5. 100% Performance Guarantee – We stand behind our service. If we are not able to settle at least $1 of debt for every $1 in our program, we will refund our fees.

Don’t Face Debt Alone – Take the First Step

If business debt has you feeling stressed and overwhelmed, contact us today to discuss your situation. Our experienced Mesa business debt settlement lawyers and legal teams want to help you get back on stable financial ground. 

Mesa Business Debt Settlement and Merchant Cash Advance Lawyers

Running a business is hard work. Despite your best efforts, you may find yourself facing serious financial struggles. If your Mesa business is dealing with overwhelming debt from loans, accounts payable, taxes, or merchant cash advances, there are options available to find relief.

As a fellow member of this business community, I want to provide a helpful overview of the debt relief landscape so you can make informed decisions during this difficult time.

Understanding Debt Relief Options

If your business debts have become unmanageable, debt relief solutions can help you negotiate, reduce, or eliminate what you owe. Common options include:

  • Debt Settlement: Working with a debt settlement company to negotiate directly with creditors and settle debts for less than what you owe. This helps avoid bankruptcy but can impact your credit score.
  • Bankruptcy: Filing for Chapter 7 bankruptcy to eliminate eligible business debts or Chapter 11 to reorganize and develop a repayment plan. This provides immediate relief but can be a complex process.
  • Tax Debt Relief: Resolving IRS tax debts through payment plans, offers in compromise, non-collectible status, penalty abatement, or other tax resolution strategies. Specialized legal help is key.
  • Business Debt Consolidation: Combining multiple debts into one new loan with lower monthly payments. This simplifies payments but doesn’t reduce overall debt.
  • Debt Management Plans: Working with a credit counseling agency to develop a structured repayment plan and secure lower interest rates from creditors. Helps avoid bankruptcy.

Each option has pros and cons to weigh carefully based on your specific situation. Consulting with financial and legal advisors can provide guidance on making the best choice for your Mesa business.

Finding the Right Debt Relief Help in Mesa

Navigating the debt relief process alone can be confusing. Connecting with knowledgeable attorneys and advisors here in Mesa can help explore the full range of options and advocate effectively on your behalf.

Understanding our local laws and courts is key. When researching options, I recommend:

  • Asking for referrals from other local business owners who have gone through debt relief. They can share first-hand insights.
  • Verifying licenses and credentials like memberships in the National Association of Consumer Bankruptcy Attorneys (NACBA). This demonstrates extensive training and expertise.
  • Looking for free consultations to discuss your unique situation, answer questions, and explain how they can help. Avoid places pushing immediate payments.
  • Reading reviews from past clients on Google, Facebook, and other sites. Make sure they have a proven track record helping Mesa businesses successfully reduce or eliminate debt.
  • Comparing fees to find affordable options. Upfront flat rates are common. Make sure you understand all pricing and potential additional costs.

Key Mesa Debt Relief Laws and Resources

Navigating local laws and regulations around debt and bankruptcy is essential to find the optimal solution for your Mesa business.

Arizona Debt Collection Laws

Under Arizona law, business assets are protected from liquidation based on:

  • Up to $6,000 equity in a motor vehicle (ARS § 33-1125)
  • Up to $300 equity in any particular item of business equipment (ARS § 33-1130)

Federal Debt Relief Programs

Small businesses can also find helpful debt relief resources through the Small Business Administration including:

  • Guidance on business debt consolidation and refinancing
  • Disaster loan assistance for COVID-19 and other qualified disasters
  • Free small business counseling for financial planning and debt management

The Debt Relief Process Step-By-Step

If you decide debt relief is the right path for your Mesa business, here is an overview of what to expect:

1. Consult With Attorneys and Advisors

  • Discuss your debt situation openly and gather professional advice on all options.
  • Ask questions and understand the pros, cons, costs, and process for each path.
  • Hire an experienced attorney to handle negotiations and legal filings.

2. Stop Collections Activity

  • Once enrolled in a debt relief program, collections calls and lawsuits should be halted.
  • Your attorney sends requests to verify debt and can dispute any errors.

3. File Documentation and Attend Meetings

  • For bankruptcy, extensive financial disclosures and documents must be filed with the court.
  • Creditors may request additional information throughout the process.
  • Court hearings and creditor meetings will require your time and participation.

4. Official Negotiations Begin

  • Your attorney now starts formal negotiations with each creditor for debt reduction or elimination.
  • For bankruptcy, a trustee is appointed who will liquidate assets and distribute payment.
  • This process can take several months to finalize with all parties.

5. Debt Eliminated or Repayment Plan Approved

  • If negotiations succeed or bankruptcy filing is accepted, your debts will be discharged or restructured.
  • Tax debt resolutions may involve setting up installment plans or other arrangements with the IRS.
  • Continue working with your attorney for final approvals and to ensure compliance.

The debt relief process can feel overwhelming but taking the right legal steps tailored to your situation can lead to financial freedom. I encourage connecting with experienced Mesa attorneys for personalized guidance and advocacy. With dedication and persistence, you can resolve debts and rebuild a healthy business.

Defending Against Abusive Merchant Cash Advance Lending

A growing issue faced by many Mesa business owners is predatory lending practices from merchant cash advance (MCA) providers. If your business took out a merchant cash advance that is aggressively pursuing repayment through harassing calls or lawsuits, legal help is critical.

How Merchant Cash Advances Work

Merchant cash advances provide quick access to capital by purchasing a percentage of your future credit card sales. Payments are taken automatically from daily credit card batches to repay the advance, fees, and very high effective interest rates often exceeding 100% APR.

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