Florida Merchant Cash Advance Attorney

Last updated on November 28, 2024

Dominick Dale is your go-to Florida merchant cash advance attorney. He is aggressive, highly competent and experienced in protecting his business clients. Dale knows what you are going through and understands MCA laws. He fights unscrupulous MCA companies in court, ensuring your business gets the fair treatment it deserves. An MCA should not cost you the business you worked so hard to build up. Attorney Dale will fight to keep that from happening.

What Is A Confession Of Judgment?

A Confession of Judgment (COJ) is a legal tool that allows one party to get a judgment against another without a lawsuit or the normal litigation process. In the context of merchant cash advances, a COJ gives your MCA funder a judgment without you having a chance to defend yourself in court, seriously crippling your fundamental right to due process and your chances of getting out from under an illegal MCA.

New York State banned COJs from being issued by New York MCA funders to merchants outside of New York, including those in Florida, as of August 31, 2019. This means it is illegal for an MCA funder to include a COJ in your Florida MCA agreement or to ask you to sign one during the closing process. Some MCA companies try to disguise COJs by calling them “Agreed Judgments.” However, an Agreed Judgment is still a COJ and is equally invalid.

If a New York-based MCA company claims to have a Confession of Judgment or Agreed Judgment against you in Florida, it is invalid. This means any attempt by the MCA company to enforce such a judgment against your Florida business is not legally binding. Dominick Dale will aggressively challenge these invalid judgments to protect your business.

Contact Merchant Cash Advance Law Firm P.C.

Call 347-588-5590, toll-free 855-339-6593 or use our intake form to schedule a consultation with Merchant Cash Advance Law Firm P.C.