At a Glance
Rating Breakdown
Performance Overview
Scores out of 5, based on our editorial analysis
About Grant Phillips Law
Grant Phillips Law, PLLC has been representing small businesses in commercial disputes since 2003, operating from Long Beach, New York. Over the past decade, the firm has become one of the most recognized names in MCA defense — representing businesses against merchant cash advance companies in settlement negotiations, confession of judgment challenges, and outright litigation. The critical difference between Grant Phillips Law and non-attorney MCA settlement firms is legal representation. When a settlement company contacts an MCA funder, the funder knows there is no litigation threat behind the call. When Grant Phillips contacts the same funder, the funder knows an attorney is on the other side who can file counterclaims, challenge the MCA contract\'s enforceability, argue that the advance is actually a usurious loan subject to state lending laws, and fight confession of judgment filings in court. That litigation leverage consistently produces better settlement outcomes. The firm handles the full spectrum of MCA defense: negotiating reduced payoff amounts, challenging confession of judgment filings, fighting bank account freezes, defending against personal guarantee enforcement, and in some cases pursuing affirmative claims against MCA companies for deceptive practices or usury. They also handle traditional business debt issues but MCA defense has become their primary practice area. Attorney-client privilege protects all communications, which matters when funders are aggressively trying to gather information about a business\'s financial condition and settlement posture.
Key Features
Attorney-Client Representation
Full legal representation with attorney-client privilege. Unlike non-attorney settlement firms, all communications are legally protected and funders face a licensed litigator.
Litigation Leverage
The ability to file counterclaims, challenge contract enforceability, and argue usury violations gives funders real incentive to settle — something non-attorney firms cannot provide.
Confession of Judgment Defense
Experienced in challenging and vacating confessions of judgment — the most aggressive collection tool MCA companies use against borrowers.
Personal Guarantee Protection
Defends business owners against personal guarantee enforcement, which can put personal assets including homes and bank accounts at risk.
How It Works
Legal Consultation
Grant Phillips reviews your MCA contracts, personal guarantees, and current collection activity to assess legal options and negotiation leverage.
Legal Strategy
The firm develops a legal strategy combining negotiation with litigation posture — identifying contract weaknesses, potential usury arguments, and defensive positions.
Negotiation & Defense
Grant Phillips negotiates with MCA funders with the credible backing of legal action. If a funder sues or files a CoJ, the firm litigates directly.
Resolution
MCAs are settled, judgments vacated or satisfied, and your business is released from the obligations with proper legal documentation.
What They Do
- MCA Defense Litigation
- MCA Debt Settlement
- Confession of Judgment Defense
- Personal Guarantee Defense
- UCC Lien Challenges
- Usury Claims
Debt Types They Take On
- Merchant Cash Advances
- Business Cash Advances
- Revenue-Based Financing
- Factoring Advances
- ACH Loan Products
- Personal Guarantees on MCA Debt
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Confession of Judgment Vacated — $130K MCA
An MCA company filed a confession of judgment against a New York retail business for \$130,000 and immediately froze the business bank account. Grant Phillips moved to vacate the CoJ within 48 hours, arguing the MCA was actually a usurious loan under New York's criminal usury statute. The court vacated the judgment and unfroze the account.
Three Stacked MCAs with Personal Guarantees — $280K
A business owner faced \$280,000 in MCA debt across three funders, all with personal guarantees. One funder was pursuing the personal guarantee against the owner's home equity. Grant Phillips intervened, challenged the personal guarantee enforcement as unconscionable, and negotiated all three MCAs while protecting personal assets.
Pros & Cons
Pros
- Attorney-client privilege protects all communications — MCA funders cannot subpoena or access your settlement strategy discussions
- Litigation leverage consistently produces better settlement outcomes because funders face real legal consequences if negotiations fail
- Confession of judgment defense capability is critical — non-attorney firms cannot challenge CoJ filings in court, leaving you exposed to the most aggressive MCA collection tactic
- A+ BBB rating and 22+ years of legal practice provides institutional credibility that newer MCA settlement firms cannot match
- Handles personal guarantee defense, protecting the business owner's personal assets including home equity and personal bank accounts
Cons
- Attorney fees can be higher than non-attorney MCA settlement firms — the litigation capability comes at a premium
- Based in New York with primary licensure in NY — cases in other states require co-counsel arrangements, which can add cost and complexity
- Law firm model means less hand-holding on the business consulting side — this is legal representation, not turnaround consulting like Second Wind offers
User Reviews (15)
CoJ vacated in 18 days
MCA company filed a confession of judgment and froze my bank account on a Friday. Called Grant Phillips Monday morning. Motion to vacate filed Wednesday. CoJ vacated 18 days later. Account unfrozen. Then they settled the MCA for 55% off. This is why you hire a lawyer, not a settlement company.
excellent results but premium pricing
Settled 2 MCAs totaling \$160K for \$72K. Amazing result. Legal fees were about \$18K — roughly double what a non-attorney firm would have charged. Net savings still better with Grant Phillips because the settlements were lower. But the upfront sticker shock is real.
the litigation threat changes everything
My MCA funder ignored two settlement companies before I hired Grant Phillips. Within a week of receiving a letter from an attorney, they were at the table. Settled 3 weeks later at 48 cents on the dollar. The previous companies could not get a return phone call.
CoJ challenge denied in my case
Grant Phillips filed to vacate my confession of judgment. Court denied the motion. My MCA contract was airtight apparently. They then pivoted to negotiating a settlement which went fine, but I had already paid the legal fees for the CoJ challenge that failed. Not their fault — they were upfront about the odds — but it was expensive.
protected my home
Personal guarantee on a \$180K MCA. Funder was threatening to lien my house. Grant Phillips challenged the PG enforcement and got it dropped as part of the settlement. My family's home was never at risk after they got involved. Cannot put a price on that.
co-counsel worked but added time
Being in New Hampshire, they needed local co-counsel for some filings. Added about 3 weeks to the timeline and a bit more cost. Results were still excellent. Just factor in the out-of-state logistics if you are not in NY.
worked in California through co-counsel
I was worried about hiring a NY firm for my CA business. They partnered with a local attorney here and handled everything seamlessly. The MCA contract had a NY choice-of-law clause anyway so most of the legal work was NY law.
law firm not business consultant
Grant Phillips resolved my MCA debt brilliantly. But they did not help me figure out why I needed MCAs in the first place. If you also need business consulting, combine this with a firm like Second Wind. Grant Phillips is pure legal representation.
overkill for a $30K MCA
Hired Grant Phillips for a single \$30K MCA. Legal fees were about \$8K. Settled MCA for \$18K. Total cost: \$26K vs original \$30K. Savings of \$4K. Probably should have used a settlement company or negotiated myself for this small an amount. Attorney is worth it for larger amounts or CoJ situations.
usury argument won my case
Grant Phillips argued my MCA was actually a usurious loan because the funder had too much control over repayment terms. Court agreed. Entire MCA restructured at a fraction of the original amount. This legal strategy is simply not available through non-attorney firms.
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Important Business Debt Disclaimers
- Business debt settlement may negatively impact your company's credit profile and personal credit if you have personally guaranteed the obligations. Missed payments during negotiation will appear on credit reports.
- There is no guarantee that any creditor or MCA company will agree to settle for a reduced amount. Funders and creditors retain full legal rights to pursue collection, including lawsuits, UCC liens, and bank account freezes.
- Settlement fees for commercial debt typically range from 15%-30% of the enrolled debt amount. You should fully understand the fee structure before enrolling. Verify whether fees are charged on enrolled debt or settled savings.
- Forgiven business debt of $600 or more may be treated as taxable income by the IRS and reported on Form 1099-C. Consult a tax professional about the implications for your business entity.
- Merchant cash advance (MCA) companies may have daily or weekly ACH withdrawal rights under your contract. Stopping payments may trigger confession of judgment clauses, UCC liens, or immediate legal action depending on your state.
- Alternatives to business debt settlement include SBA disaster loans, business debt consolidation, Chapter 11 or Subchapter V bankruptcy, receivership, and direct creditor negotiation. Consult with a licensed attorney or financial advisor before enrolling in any business debt program.
This page is informational, not financial or legal advice. Talk to a qualified professional before making any big money decisions.
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