Tell him to talk directly to the lenders & creditors - and tell everyone the same story with how much that he owes everyone and when he thinks that he can make full or partial payment. The worst thing that he can do is avoid talking directly to them. Some individuals will work with him and some will say "NO". For the individual that says "NO", go over his head to someone higher up.
When someone was late with a payment I would go talk to them and find out their total financial status. Then it would be my call to recommend to the credit manager that the company continue until the borrower could make payment - or recommend re-possession, or take legal action. If the company waited, there would be a "late payment penalty charge".
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Today's Featured Article - Bad Vibes - by Curtis Von Fange. One of the strangest ways to communicate with our tractor is to ask it how it feels. "Ask it how it feels," you say? Yup, ask it how it feels. Now, as with the other articles in this series one has to be able to hear what 'ole blue' is trying to say in response. The nice thing about our old iron friends is that they are usually quite consistent in their response, rather unlike some people I know who might change what they say due to the weather or other mitigating circumstances. But since t
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