Irving MCA Defense Lawyers: Business Debt Relief
Irving sits between Dallas and Fort Worth, anchored by the DFW International Airport, the former headquarters of ExxonMobil, and a concentration of corporate campuses along the Las Colinas corridor. The small businesses that serve this corporate infrastructure, restaurants, staffing agencies, IT services firms, janitorial companies, operate in the shadow of enterprises that would never accept the financing terms these small businesses signed.
The Airport City and the Contract That Landed Elsewhere
Texas has no MCA-specific statute. COJs are disallowed. The Deceptive Trade Practices Act provides the cause of action. Every Irving MCA contract we have reviewed specifies New York as the governing jurisdiction.
The Factor Rate at Las Colinas
A factor rate of 1.4 on a $90,000 advance produces $126,000 in total obligation. Daily debits over seven months. The effective annualized rate exceeds 170 percent. For a staffing agency whose invoices are net-thirty, the daily debit extracts revenue before the client has paid.
The corporations in Las Colinas pay their vendors in thirty days. The MCA funder collects from those vendors daily. The vendor finances the gap at 200 percent.
The Settlement
MCA funders settle. In Irving cases, settlements have reduced outstanding balances by forty to sixty percent.
The gap between when your clients pay and when the funder collects is the core of the problem. We can quantify it.
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.
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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.