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$50 Million in MCA Defaults First Month of 2019

In the first month of 2019, we researched and tracked almost 900 Confession of Judgement filings totaling just over $50 million in defaulted Merchant Cash Advance debt. Among them were: Custom Cabinet and Furniture Makers Medical Care and Health Services Distribution Companies Trucking Companies Breweries Lumber Companies Consulting Firms Contractors Landscapers Restaurants Hundreds of businesses […]

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Confession of Judgement

Confession of Judgement I Confess! When you sign a Confession of Judgement, you sign away your rights to the legal process. A Confession of Judgement (Cognovit Note/Warrant of Attorney) is an extraordinary weapon creditors use to remedy loan defaults. It allows Merchant Cash Advance companies and other creditors to enter a judgment against debtors without […]

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Financial Distress

Financial Distress When a company finds their debt service difficult to honor or if the promises made to creditors get broken the company is then in financial distress. There are many costs associated with financial distress and if a company cannot relieve this condition business and personal bankruptcy may result. The Cost of Financial Distress […]

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