What to Gather Before Your Consultation
The more prepared you are for your first conversation with an MCA attorney, the more productive it will be. The attorney needs the complete picture quickly to give accurate advice.
- All MCA agreements. Every contract including amendments, renewals, and personal guarantees.
- Bank statements. At least the last 6 months showing all ACH withdrawals from MCA funders.
- Correspondence. All emails, letters, texts, and voicemails from funders, brokers, or collection agents.
- Legal documents. Any summons, complaints, confessions of judgment, default notices, or court filings.
- UCC filings. Search your state’s Secretary of State website for UCC filings against your business.
- Financial summary. Current monthly revenue, expenses, payroll obligations, and other debts.
Questions to Ask the Attorney
Have you handled cases involving my specific funder? What are the realistic outcomes? What is your fee structure? Will you handle both negotiation and litigation? What is the timeline for resolution? What should I do or avoid while we work on this?
Be Honest About Your Situation
Do not minimize or exaggerate your financial situation. If you have been transferring funds, have undisclosed debts, are considering closing the business, or have already spoken to the funder, disclose everything. Attorney-client privilege protects these communications, and incomplete information leads to bad strategy.
What to Expect
A good MCA attorney will give you a frank assessment within the first consultation. They will tell you whether settlement, litigation, restructuring, or bankruptcy makes the most sense. They will explain costs and timeline. And they will be honest about what they can and cannot achieve. If an attorney promises a specific outcome on the first call without reviewing your documents, that is a red flag.