Collections Attorney for Merchant Cash Advance Funders

At David I. Mizrahi Law, P.C., we represent merchant cash advance (MCA) funders and help recover defaulted payments through proven legal strategies. As a collections attorney, we deliver results-driven representation, guiding you through complex MCA collections recovery cases and ensuring your financial interests are protected.

Whether you’re a small business funder or a large-scale creditor, we provide tailored solutions to maximize collections recovery while maintaining compliance with relevant laws.

Benefits of Using a MCA Collections Attorney

Hiring an attorney familiar with MCA agreements ensures compliance with UCC filings, state-specific rules, and the unique nature of merchant cash advance disputes.

Common Challenges Faced by MCA Funders

Funders often face unresponsive merchants, bounced ACH payments, disputes over contract terms, or debtors transferring assets to avoid repayment.

What Is a Collections Attorney?

A lawyer who helps individuals, businesses, and financial institutions recover money owed to them. Unlike a collections agency, which primarily sends reminders, attorneys can take legal action when merchants default on their obligations.

For MCA funders, we act as your legal partner, managing the entire collections process, from sending demand letters and negotiating settlements to initiating lawsuits and enforcing judgments when necessary.

Key Responsibilities and Duties

  • Ensuring collection compliance: Navigating state and federal regulations to keep collections lawful.
  • Sending demand letters: Formal notices outlining payment obligations and legal consequences.
  • Filing and litigating lawsuits: Pursuing court actions when necessary for collection.
  • Negotiating settlements: Working directly with merchants or counsel to reach amicable resolutions.
  • Enforcing judgments: Using wage garnishments, bank levies, judgment liens, or asset seizures when permitted.

How Attorneys Differ from Collection Agencies

Attorneys can escalate matters to litigation and judgment enforcement, which agencies cannot.

When Legal Action Becomes Necessary

If merchants begin ignoring you, refuse to make payments or agree to a reduced payment amount, dispute liability, or attempt to hide assets, legal action becomes the most effective path to recovery.

Commercial Debt vs. Consumer Debt

MCA defaults are classified as commercial debt, meaning the FDCPA’s consumer protections don’t apply. This allows us to use more assertive strategies tailored for MCA recovery. While agencies rely on reminders, our legal authority enables us to escalate when necessary during the collection process.

Key Legal Differences Between Commercial and Consumer Collections

Commercial debts are governed by contract and UCC provisions, whereas consumer debts are subject to stricter federal oversight under the Fair Debt Collection Practices Act, commonly referred to as the FDCPA.

Why MCA Debt Falls Outside FDCPA Protections

Because MCA contracts are commercial in nature, funders can use broader strategies without violating consumer debt laws.

Comparison of Attorney for Collections vs. Collection Agency

When merchants fail to pay, some MCA funders consider using a collection agency. However, hiring a collection attorney offers distinct advantages:

  • Legal Authority: We can file lawsuits, secure judgments, and enforce liens, steps agencies cannot take.
  • Higher Success Rates: Through UCC lien notices and authoritative demand letters, we increase the likelihood of full recovery.
  • Faster Resolutions: Our ability to act quickly in court reduces delays and protects your cash flow.
  • Cost-Effectiveness: Attorneys for collections often provide comparable or better recovery rates than agencies.

Situations Where an Agency Might Suffice

If the debt is small and straightforward, an agency may be sufficient for initial reminders and soft collections.

Long-Term Value of Attorney Involvement

Having an attorney on retainer provides significant advantages and positions your company for long-term success. As soon as an attorney receives a file, they promptly send out UCC lien notices to all relevant parties. If the merchant and guarantor fail to engage in settlement discussions, a lawsuit can be filed within days, or even hours. This level of speed and efficiency maintains pressure on the opposing parties and greatly increases the likelihood of a settlement.

Our Proven Approach to MCA Collections

We employ a structured process to maximize recoveries while protecting your business reputation and improving debt collection outcomes.

Steps Taken Before Filing a Lawsuit (Pre-Litigation Strategies)

Before escalating to litigation, we focus on efficient collections options:

  • UCC Lien Notices: Filing a UCC-1 Financing Statement and notifying vendors, suppliers, and customers to increase leverage and encourage faster resolutions.
  • Authoritative Demand Letters: Professionally drafted notices set deadlines and clarify consequences, pushing merchants to act before litigation commences.

Litigation and Judgment Enforcement

If pre-litigation efforts fail, we escalate by:

  • Filing lawsuits in state court for commercial collection.
  • Securing judgments for funders.
  • Enforcing judgments through wage garnishments, bank account levies, liens, and asset seizures.
  • Pursuing replevin when recovery of secured property is necessary for collections.

Protecting Your Business Reputation During Collections

Our team balances aggressive recovery with professionalism to protect your brand and relationships.

How Does an Attorney for Collections Get Paid?

We minimize financial risk for MCA funders by offering contingency fee arrangements, meaning you only pay if we successfully recover your collection funds. Additionally, we front all the costs and get reimbursed upon settlement.

Additional Costs You May Encounter (Court Fees, Filing Fees)

Court filing fees, process server fees, and other costs are also reimbursed from recovered funds.

Why Choose David I. Mizrahi Law, P.C.?

  • Licensed to practice law in New York and New Jersey.
  • Extensive experience in MCA collections litigation and creditors’ rights.
  • Proven track record of securing payments and negotiating favorable settlements for collections.
  • Ability to file and enforce judgments across multiple jurisdictions.

By partnering with us, you gain a dedicated legal team focused on efficient recovery while you concentrate on funding new deals. We handle the complexities of MCA debt collection so you can focus on business growth.

Track Record of Successful Recoveries

Our history of favorable outcomes demonstrates our skill in navigating MCA disputes.

Multi-Jurisdictional Capabilities

We can domesticate and enforce judgments across state lines, ensuring your recovery efforts are not limited geographically.

Client-Focused Communication and Transparency

You’ll receive regular updates and clear explanations, so you’re never in the dark about your case.

Schedule Your Free Consultation

Don’t let merchant defaults slow your business. Contact David I. Mizrahi Law, P.C., today for a free consultation with an experienced collection attorney.

We’ll review your case, explain your options, and create a collections recovery strategy designed to secure what you’re legally owed.

Our goal is to act quickly and efficiently to protect your financial interests, maximize collections recovery, and reduce potential losses, giving you the confidence to move forward.

Frequently Asked Questions

When should an attorney be hired instead of handling collections in-house?

It is time to hire an attorney when a debtor is unresponsive, the debt is high-value, or the case involves complex legal issues or disputes. Hiring the right attorney usually increases recovery success rates.

What documents should be prepared for a collections attorney?

To help an attorney build a strong case, a creditor should prepare all documents related to the transaction, including contracts, payment history, merchant's bank statements, and communication records.

Is it more expensive to hire a collections attorney or a collection agency?

It depends on the specific attorney and agency, but more often than not, a contingency-fee attorney will cost the same, or even less, than a collection agency. Additionally, collection agencies have limited authority: they cannot file lawsuits themselves, which is why they often refer unresolved cases to attorneys once they’ve reached their limits.

Can Attorneys Handle Cross-State Collections?

Yes, we have the ability to enforce judgments and pursue collections across state lines.

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david@mizrahilawpc.com

(212) 804-8841
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