Can My Business File Bankruptcy and Still Stay Open?
If your company is experiencing financial problems, filing for bankruptcy doesn’t always mean closing your doors. Depending on your business structure, financial situation, and the type of business bankruptcy you file, you may be able to reorganize your debts and continue operating. Here’s what small business owners need to know about staying open during bankruptcy. […]
Can an MCA Lender Legally Contact My Customers and Family? What You Need to Know
As a business owner, you know that relationships are everything. As a result, a merchant cash advance (MCA) provider contacting your customers or family in an effort to collect an unpaid debt can be stressful. Unfortunately, some of the laws protecting consumers from unfair debt collection practices don’t apply to businesses. However, if your MCA […]
Can an MCA Freeze Your Bank Account? When & Why It Happens
If you’ve taken out a merchant cash advance (MCA) for your business and are struggling to repay it, you risk your lender taking legal action against you. Unfortunately, one of the potential outcomes of defaulting on your MCA is having your bank account frozen to repay your debt. If you’re struggling to repay your MCA […]
