Quote:
Originally Posted by Flash68
This is tricky. One worries if by stopping new orders, you are basically kissing your $60k goodbye or "altering" his willingness (as Greg wisely points out), or making it very difficult (read: expensive/legal) to collect.
But being the bank in addition to the supplier is a dangerous business... if your business is not being a real bank.
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My feelings exactly. We can stop, but I think that kisses the money good bye for sure. At this point, there is no incentive for him to pay, other than my AP lady constantly beating on him. We have slowed things down when processing his order and we do not inventory anything lately. It takes several days to process the order where before it was available next day.
Let me make one thing clear. I would not piss on this guy if he was on fire. Unlike Flash and his customer, there is no love lost here. Part of me wants to turn it over to collections just for the headache factor it would bring on him. The flip side is he still owes me 60k and I want my money! I figured it would be a good topic for discussion, so keep it coming!
Darren