Portland MCA Defense Lawyers Business Debt Relief

Portland MCA Defense Lawyers Business Debt Relief

If you run a small business in Portland and have found yourself in debt, you may be feeling overwhelmed and not sure where to turn. Delancey Street understands the unique financial challenges business owners face and our dedicated team can provide customized debt relief solutions to help you regain control of your finances.

How Delancey Street Approaches Business Debt

Our philosophy at Delancey Street is that every business owner deserves support and compassion when facing financial hardship. We take the time to understand your unique situation and goals in order to create a personalized debt relief plan.Some key things that set us apart:

  • We have over 15 years experience helping Portland business owners settle debts and restructure loans. Our team includes attorneys and financial experts.
  • Our debt relief plans aim to reduce your monthly payments and get you on a sustainable path, while avoiding bankruptcy if possible.
  • We take care of negotiating with your creditors and developing settlement offers on your behalf. You can focus on running your business.
  • There are no upfront fees. We only collect our fee if we successfully settle your debts.

Common Types of Business Debt We Can Help With

From unpaid invoices to tax liens, we have successfully worked with Portland business owners to settle a wide variety of business debts. Some examples include:

  • Past due vendor and supplier invoices
  • Commercial real estate loans
  • Equipment financing agreements
  • Merchant cash advances (MCAs)
  • Payroll tax debts

No business debt situation is beyond helpOur team has seen it all and we know the most effective, customized strategies to put your business back on solid financial ground.

4 Reasons to Work With Our Portland Business Debt Relief Team

  1. We understand the MCA industry inside and out. Merchant cash advances (MCAs) are a particularly tricky form of business financing to get out of. The contracts often contain language making them very hard to dispute. We have successfully settled and discharged dozens of Portland MCA agreements by identifying violations of lending practices.
  2. We will conduct a free initial consultation. We offer all prospective clients a complimentary, no strings attached consultation. This gives us the opportunity to review your situation and map out a game plan of action. There is no risk or obligation to move forward if you decide our services aren’t the right fit.
  3. We have an excellent track record. Over the past 15+ years, we have successfully reduced or entirely eliminated business debt for over 300 Portland companies. Our individual attention, financial expertise and negotiating skills consistently produce optimal settlements with creditors.
  4. We are passionate advocates. Our business debt relief team cares deeply about helping Portland business owners through difficult times. We will walk side-by-side with you, offering compassionate guidance and serving as your fierce advocates until you achieve financial freedom.

How the Business Debt Relief Process Works

If you decide to move forward with our services, here is an overview of what you can expect:

  1. Strategy session – We thoroughly review your situation, identify all creditors, discuss goals, and map out a specific debt relief strategy customized for your business.
  2. Document preparation – We assist you in preparing documentation of financial hardship and gathering evidence to strengthen your case and negotiations.
  3. Settlement negotiations – We contact your creditors, explain circumstances, and negotiate directly with them on your behalf to settle debts. Most cases settle prior to trial.
  4. Debt restructuring – For any remaining debt not discharged, we work with you to develop an affordable payment plan that works with your cash flow.

Throughout the process we are available to answer any questions. We will regularly update you on the status of negotiations and settlementsIt is our top priority to secure your financial freedom while reducing stress and anxiety.

Finding the Right Business Debt Relief Company Matters

Not all debt relief companies are created equal. At Delancey Street, our dedication to our clients sets us apart. We invite you to contact us for a free consultation so we can discuss your situation in more detail. Or call us at 212-210-1851 to speak with a member of our team right away.

What Makes Delancey Street Different

As you consider your business debt relief options, it is important to know what sets Delancey Street apart. Our firm has distinguished itself in several key ways:

Our senior team has over 50 years combined experience. Our veteran staff of financial experts and business attorneys have successfully resolved hundreds of complex Portland business debt cases. We’ve seen virtually every type of situation and know how to effectively negotiate and settle even the most stubborn business debts.

We are aggressive advocates fully committed to our clients. At Delancey Street, we view you as our partner. Your goals become our goals. We have the knowledge and tenacity to fiercely negotiate in your best interest and we will not rest until your financial freedom is regained.

Our record of success is unmatched. Over the past 15 years, Delancey Street boasts a 96% success rate in settling Portland business debts while avoiding bankruptcy. We know what strategies work and have the skills to secure optimal settlements from even the most rigid creditors and lenders.

We offer complimentary case evaluations. We understand exploring debt relief options often feels vulnerable. We aim to establish trust from the initial conversation by providing a no-obligation, confidential review of your situation at no cost. This allows us to map out a detailed path forward so you can make an informed decision on working with Delancey Street.

Portland Merchant Cash Advance (MCA) Defenses

One common business financing vehicle that can severely distress companies are merchant cash advances, also known as MCAs. Delancey Street has successfully defended dozens of Portland business owners against predatory MCA lending practices.

How Merchant Cash Advances Work

Merchant cash advances provide a lump sum of capital to a business in exchange for a percentage of future credit card sales. The transactions are structured as an “advance” rather than a loan in order to skirt state usury laws capping interest rates.While MCAs may seem like an easy financing option, they come with many hidden risks:

  • Exorbitantly high equivalent interest rates often exceeding 100% APR
  • Harsh daily or weekly repayment terms tied to credit card receipts
  • Lack of transparency and misleading statements regarding actual costs
  • Abusive debt collection tactics

Common MCA Abuses We Defend Against

Our team has seen MCA providers perpetrate various types of predatory lending activities against Portland business owners. Some violations we frequently defend clients against include:

  • Deceptive marketing – Misrepresenting or hiding true costs, repayment terms and consequences should the business default.
  • Loan stacking – Providing multiple back-to-back advances resulting in an unmanageable debt load.
  • Unconscionable terms – Structuring the agreement in an unreasonably one-sided, abusive manner that restricts borrower rights.
  • Unjust enrichment – When the total payments collected far exceed the original cash advance.
  • Illegal debt collection – Such as harassing the borrower, contacting third parties about the debt, or making false threats.

MCA Defenses & Strategies

When representing Portland business owners with MCA debt, Delancey Street deploys proven strategies to void or discharge the agreements. Defenses we commonly employ include:

  • Usury violations – Interest rates and fees exceeding state maximums.
  • Breach of contract – When the MCA provider fails to fulfill agreed upon terms.
  • Unconscionability – When shockingly unjust contract clauses are deemed legally unenforceable.
  • Fraudulent inducement – Signing an agreement based on provider misrepresentations.
  • Illegal debt collection – Consumer protection laws prohibit many aggressive MCA collection tactics.

The complex web of MCA provider violations and available defenses underscore why skilled legal representation is so critical. Our team knows this area inside and out. We have successfully dissolved, discharged or favorably settled dozens of Portland MCA agreements.

What Makes Portland MCA Cases Unique

While abusive nationwide lending practices have brought increased regulatory scrutiny, MCA agreements sit in a legal gray area. Each state has specific regulations and case law precedent governing commercial financing.This means effectively disputing or defending against an MCA in Portland requires an intimate understanding of Oregon statutes, recent judgements and emerging compliance obligations.At Delancey Street our Portland-based team stays on top of the complex, rapidly evolving legal landscape surrounding merchant cash advances. We understand the uniqueness of litigating these matters locally.

Oregon Usury Laws

Oregon has strong usury laws capping maximum interest rates lenders can charge. However, since MCAs fall under contract law rather than being classified as loans, providers try to skirt these restrictions.Delancey Street leverages our expertise to determine if an MCA agreement violates Oregon usury statutes. When interest rates and fees clearly exceed legal limits, we can get the contract invalidated.

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