“Now we’re even...”
Nope, we already have laws on the books to put these criminals in jail.
There are no laws for debtors prison. But I think you’d find a lot of bankers in jail if it did exist. Bankers are the worst ones for paying their bills on time.
I’ve seen first hand a major global bank which failed to pay a vendor $50k for 4 years. Not because the vendor failed to deliver. Because the bank was in an inter-departmental squabble over which budget the money should come out of.
When the bank had to have that vendors support again, they suddenly found the money. yeah I’d love to see those guys in debtors prison.
It is usually bad business practice to let one's receivables get that old before taking some sort of action to collect. But we were talking about loans and payments before...