Corpus Christi MCA Defense Lawyers: Business Debt Relief
Corpus Christi’s economy runs on petroleum refining, the Port of Corpus Christi (the third-largest port in the nation by tonnage), and the tourism revenue that Padre Island and the bayfront generate. The businesses that serve this economy operate on cycles governed by commodity prices, shipping volumes, and a hurricane season that MCA underwriting treats as an abstraction.
The Bay and the Debt That Followed the Storm
Texas has no statute governing merchant cash advances. The Texas Finance Code regulates loans. The MCA industry classifies its product as something else. Texas COJs are disallowed, and the state attorney general has used the Deceptive Trade Practices Act to police double debits, but no Texas court has reclassified an MCA as a loan.
The Refinery Economy and the Daily Debit
A factor rate of 1.45 on a $80,000 advance produces $116,000 in total obligation. Daily debits over six months. The effective annualized rate exceeds 230 percent. For a marine services company on the ship channel, a restaurant on North Beach, or an equipment supplier serving the refineries along the Navigation Boulevard corridor, those debits persist through months when the port is quiet and the tourists have not arrived.
A shrimper on the bay told me the advance was supposed to cover engine repairs before the season. The season was poor. The debits were not.
The Settlement
MCA funders settle. In Corpus Christi cases, settlements have reduced outstanding balances by forty to sixty percent. Texas’s Deceptive Trade Practices Act provides a cause of action the funder recognizes.
The documents are where this starts. Everything else follows.
Ready to Discuss Your Case?
Our attorneys will review your MCA contracts and identify the vulnerabilities that create leverage for negotiation. The first conversation is a reading of the documents — not a commitment.
Available 24/7 · No obligation · Confidential
Disclaimer: This content is for informational purposes only and does not constitute legal advice. Results vary based on individual circumstances. Past results do not guarantee future outcomes. If you are in legal distress, consult a licensed attorney.