At Skolnick Legal Group, P.C., our attorneys represent small businesses in Roseland, Hackensack, midtown New York and beyond with a wide variety of merchant cash advance (MCA) issues. Although MCAs involving the sale of future receivables are used widely as an alternative to traditional loans by contractors and other small businesses wishing to avoid lengthy approval processes and strict credit requirements, MCAs claim they are exempt from state usury laws limiting banks from charging high-interest rates and other laws that protect businesses and their owners.
If you are drained by dealing with your MCA company and having difficulty making your payments on a daily or weekly basis, the attorneys at Skolnick Legal Group will take a common-sense approach to represent you in your dealings with the MCA company, including renegotiating the terms of your MCA agreement or litigating your case in case in court, if necessary. We will help you find and implement the best strategy to help you successfully resolve your dispute.
When financial problems arise, we help business owners determine if bankruptcy is the best option, and if so, which form of bankruptcy is optimal.