Businesses Fighting Debt in New York
If your business is behind on a merchant cash advance, a business loan, or vendor invoices, the collection pressure moves fast. Daily ACH debits, a frozen bank account, a lawsuit, sometimes a judgment you never saw coming. Tariq Law PC reviews business debt cases in New York and helps owners understand their options before things get worse.
When business debt turns into a legal fight
Most business debt problems in New York follow the same pattern. Cash flow dips, payments slip, and the funder or creditor escalates within weeks. MCA companies in particular sue quickly after default. Some file a confession of judgment or place a UCC lien on your receivables, which can freeze your bank account and cut off your customers' payments overnight. You do not have to face that alone, and you should not ignore it. In New York, corporations and LLCs must be represented by an attorney in court. If your business was served with a summons, the clock is already running
Types of business debt we review
Merchant cash advances (MCAs), including stacked advances and daily debit agreementst
Business loans and business credit cards in default
SBA and equipment loan collection actions
Vendor and supplier debt lawsuits
Personal guarantee claims against owners
Judgments, frozen accounts, and UCC liens tied to business debt
How a business debt lawyer may help
Every case depends on its facts, but common paths include answering the lawsuit and raising defenses, challenging an improperly filed confession of judgment, disputing the amounts claimed, negotiating a settlement or restructured payment, and working to release a frozen account or lien. Some MCA agreements have been challenged in New York courts as disguised loans. Whether any of that applies to your contract is exactly what a legal review is for.
Why business owners call Tariq Law PC
Tariq Law PC is a New York litigation firm focused on debt defense and consumer protection. We read the contract, we read the lawsuit, and we tell you plainly what your options look like — settle, fight, or both. No pressure and no promises we can't keep. Results depend on the facts of each case.
Behind on a business debt or already sued? Send us the paperwork and we'll take a look
Quick FAQs
Find clear, honest answers to common question from a experience professional.
I got sued for a business debt. How long do I have to respond?
In New York, you generally have 20 or 30 days to answer depending on how you were served. Missing the deadline can lead to a default judgment, so act quickly.
Can an MCA company freeze my business bank account?
It happens, often through a judgment or a UCC lien notice sent to your bank or customers. An attorney can review whether the freeze or lien can be challenged or lifted.
Does the FDCPA protect my business?
No — the FDCPA covers personal and household debts, not business debts. Business owners rely on contract defenses, New York court rules, and the UCC instead. If you personally guaranteed the debt, your situation may involve both.
Is settlement possible instead of going to court?
Often, yes. Many creditors and funders will negotiate, especially when a real defense is on the table. Whether settlement makes sense depends on your contract and finances.
My LLC was sued. Can I represent it myself?
No. New York requires corporations and LLCs to appear through an attorney in court.
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“Trusted By Clients Across New York”
Tariq Law, PC. is located in the heart of New York City at 99 Park Avenue, footsteps from the iconic Grand Central Terminal in Midtown Manhattan. We serve clients primarily in New York, New Jersey, and in federal courts across the United States.
In order to evaluate your particular circumstances, please reach out to us to schedule an individual case review. Using this site or communicating with an attorney does not establish an attorney-client relationship, which can only be established in writing and signed by the lawyer and the client.
Prior results do not guarantee a similar outcome. This website is for informational purposes only.
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NYC's premier consumer protection law firm. We fight for justice in FCRA, FDCPA, identity theft, and debt defense cases with unmatched expertise and tenacity.
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Phone: (866) 885-8529
Location: 99 Park Avenue New York, NY 10016
