Recovering MCA Funds: Legal Strategies for Funders in New York Courts
This post outlines legal tactics like confessions of judgment and bank levies that David I. Mizrahi Law P.C. uses to help MCA funders recover funds in NYC courts.
In New York City’s cutthroat MCA market, a shaky contract can sink a funder’s advance before it even starts paying off. From our office at 225 Broadway in Manhattan, we help MCA funders craft agreements that don’t just promise repayment—they enforce it. At David I. Mizrahi Law P.C., we’ve seen too many funders lose out to vague terms or unenforceable clauses. Here’s how we ensure your MCA contracts stick in NYC—and protect your bottom line.
Tip 1: Nail Down Repayment Terms
Clarity is king. We spell out daily or weekly remittance rates, tied to specific revenue streams, so merchants can’t wiggle out. Ambiguity invites disputes; precision wins recoveries.
Tip 2: Build in Default Triggers
A good MCA contract defines default—missed payments, diverted sales, or bankruptcy filings—and triggers your rights to act. In Manhattan’s volatile market, we make sure you’re covered when merchants falter.
Tip 3: Secure with UCC Filings
New York law lets you file a UCC-1 to stake a claim on merchant assets. We handle these filings to lock in your priority over other creditors—critical when defaults hit.
Tip 4: Leverage Confessions of Judgment
Where allowed, we include confessions of judgment—pre-signed merchant admissions of liability—streamlining recovery without lengthy trials. NYC courts move fast when the paperwork’s right.
Tip 5: Stay NY-Compliant
Usury caps and disclosure rules can trip up MCA deals in New York. We keep your contracts legal, dodging challenges that could unravel your advance.
Located in the heart of the Financial District, we’re steeped in Manhattan’s MCA scene, crafting contracts that fund with confidence and recover with force. Don’t risk your advance on a flimsy deal—contact us for a free consultation and let’s build MCA agreements that stand up in NYC.
This post outlines legal tactics like confessions of judgment and bank levies that David I. Mizrahi Law P.C. uses to help MCA funders recover funds in NYC courts.
Learn why merchants default on MCAs, spot warning signs, and discover prevention and recovery strategies from David I. Mizrahi Law P.C. in Manhattan.
This post guides MCA funders on enforcing New York judgments, covering asset discovery and legal recovery tools with insights from David I. Mizrahi, Esq., in Manhattan.