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Virginia MCA Defense Lawyers Business Debt Relief

February 24, 20248 min read


Virginia MCA Defense Lawyers Business Debt Relief

If you run a small business in Virginia and are struggling with debt, you may be feeling overwhelmed and not sure where to turn. Delancey Street understands the unique challenges business owners face and how debt can negatively impact businesses. As a dedicated debt relief company, we provide customized solutions to help Virginia business owners settle or restructure debt and achieve financial freedom.

How Delancey Street Approaches Business Debt Relief

Our team of experts takes a holistic, personalized approach to business debt relief in Virginia. We start by getting to know you and your business’s unique situation. Then we create a customized action plan that may include:

  • Debt settlement – We negotiate with creditors to reduce balances owed. Many settle for 30-50% less than the full amount.
  • Debt restructuring – We work with lenders to modify repayment terms so debt is more manageable. This may mean lower monthly payments, waived fees, or extended repayment periods.
  • Ongoing money management – We provide coaching and advice to improve cash flow, profit margins, and other financial metrics vital for business success.
See also  10 Questions to Ask Business Debt Settlement Companies

Throughout the process, you will have a dedicated Delancey Street advisor acting as your personal CFO. We take care of the details so you can focus on operating your Virginia business.

Common Types of Business Debt We Can Help With

Delancey Street has experience settling various types of commercial debt for Virginia small business owners, including:

  • Business loans – Term loans, lines of credit, SBA loans
  • Merchant cash advances – These short-term, high-interest loans can be crippling.
  • Commercial mortgages – Loans to purchase or improve office buildings and other properties
  • Equipment financing – Loans to acquire vehicles, machinery and other equipment
  • Business credit cards – When card balances spiral out of control

No matter what type of debt you have, our advisors thoroughly analyze your situation to find solutions. We look at interest rates, repayment terms, collateral, personal guarantees and all other factors influencing the debt.

Why Business Owners Choose Delancey Street

Virginia companies select Delancey Street over other options because of our track record of success and high-touch approach.

Unparalleled Experience

With over 10 years providing business debt relief, Delancey Street advisors have negotiated with countless creditors and lenders on our clients’ behalf. These real-world experiences make us extremely effective at striking mutually agreeable deals that save clients money.

Attorney-Backed Plans

Our team includes licensed attorneys who ensure all settlements and restructured payment plans we create align with Virginia and federal law. This gives business owners peace of mind and confidence in our debt relief solutions.

Personalized Guidance

From initial consultation through achievement of financial freedom, a dedicated Delancey Street advisor supports Virginia business owners one-on-one. We get to know clients personally and provide tailored advice based on their unique situations, needs and goals.

See also  Arlington MCA Defense Lawyers Business Debt Relief

Risk-Free Help

Delancey Street only earns fees after settling debts on our clients’ behalf. There is no risk or upfront costs to enlist our Virginia business debt relief services. We have a vested interest in achieving successful outcomes so we earn our fees.If you run or own a Virginia small business struggling with overwhelming debt, contact Delancey Street today to schedule your free debt analysis consultation. Call 212-210-1851 or visit to learn more about our effective business debt relief solutions. Our team is ready to help you resolve debt quickly so you can get your business back on track.

Common Defenses Against Merchant Cash Advance Lawsuits

Merchant cash advances (MCAs) can provide quick capital injections but also expose Virginia small businesses to legal risks. Delancey Street defends companies against MCA lawsuits using proven strategies that work.

Unconscionability Defense

  • Argues MCA terms so unfair no reasonable person would agree
  • Points to exorbitant interest rates of 60-300%
  • Notes extremely short payback periods of 6-18 months

Breach of Covenant of Good Faith

  • Contends MCA did not act fairly during underwriting or collections
  • Shows lack of transparency around rates, fees and obligations
  • Proves failure to properly assess business’ ability to repay

Violations of State Lending Laws

  • Asserts MCA rates and practices violate VA caps on interest and fees
  • Claims required daily repayments run afoul of state lending statutes
  • Argues failure to obtain required state lending licenses

Delancey Street partners with experienced Virginia business litigation lawyers to build strong cases leveraging these and other defenses. We have successfully shielded multiple companies from legal judgments for debts our clients could not afford.Let Delancey Street’s team of advisors and attorneys defend your Virginia small business against Merchant Cash Advance lawsuits. Contact us today at 212-210-1851 for a free consultation or visit to learn more.

See also  Anchorage MCA Defense Lawyers Business Debt Relief

Using the “Original Creditor” Defense Against Debt Collectors

When third-party debt collectors acquire delinquent accounts, Virginia small businesses have defenses to avoid payment. One powerful defense is proving the collector cannot definitively prove your company owes them money specifically.Collectors typically purchase bad business debts for pennies on the dollar. The accounts get bundled and sold in bulk without detailed documentation on specific transactions tied to each debt.This lack of documentation opens the door for the “original creditor” defense. Virginia statute § 8.01-442.1 requires debt collectors to provide written proof your business originally incurred the debt they are trying to collect on. If they cannot produce this documentation, you may not have to pay.

Key Points on Using This Defense

  • Debt collectors have the burden of proof to validate debts are legitimately owed. The onus is NOT on your Virginia business
  • Collectors typically lack detailed statements and agreements documenting the original extension of credit
  • By law, collectors must cease collection efforts if they cannot validate original debts
  • Partnering with experienced lawyers helps craft strong legal arguments leveraging this defense

Delancey Street partners with qualified Virginia law firms to contest debts lacking proper validation. Let our legal team protect your small business from paying collections for accounts that debt buyers cannot prove are legitimate.


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