ARE YOU BEING SUED FOR A MERCHANT CASH ADVANCE OR A BUSINESS LOAN?
Many business owners who have received notice of a business loan or a merchant cash advance lawsuit do not know where to seek out help. Contacting the law firm through which you were issued a lawsuit is not enough. Your response to a merchant cash advance lawsuit is time sensitive. As such, it is important that you seek the advise of an experienced debt relief lawyer as soon as possible.
WHEN WERE YOU ISSUED WITH A LAWSUIT?
Perhaps the most important detail to make note of is the date on which your merchant cash advance lawsuit was issued. You only have a limited time to respond from the date of the service of court documents. Time restrictions vary according to the manner in which you received notice of the lawsuit. Failure to respond in a timely fashion may result in a default judgment.
ARE YOU BEING SUED AS A RESULT OF A PERSONAL GUARANTEE?
The caption of the lawsuit will indicate whether only the business is being sued or if the lender is seeking to bring action against you in a personal capacity as well. The lender may only try to recover to the debt by pursuing your personal assets if you signed a personal guarantee. However, they would need to obtain court judgment before engaging in such action.
BUSINESS LOAN AND MERCHANT CASH ADVANCE LAWSUIT DEFENSE
Our business debt relief lawyers will provide aggressive defense against business loan and merchant cash advance lawsuits. We will:
- File an Answer with Affirmative Defenses and any applicable counter claims.
- Request discovery by way of Depositions, interrogatories, Notices to Admit, and a Demand For Productions of documents.
This will enable us to determine if the creditor’s claim is legitimate and can be supported with evidence. Based on what we find in in these first steps, our attorneys will create an effective strategy to handle the lawsuit.