Originally Posted by Hightower
We'd all like to see the good in people. But if what you are saying was the case, why didn't the Supplier write Tony an email explaining the situation and thanking him for being patient.
Because people are incredibly bad at being open and honest about their financial position. If he has the money, and has accepted it needs to be repaid (which seems to be the case) then I can't see any sensible reason for not repaying it all quickly. "Instalments" either means he doesn't have the money to pay you at all, or he doesn't have the money to pay all his creditors and you are not high enough priority.
The problem is you have no idea who else is getting fed the same story, or who might have been getting drip fed for months. If HMRC, his landlord, his bank, etc don't get paid they will have no hesitation at taking formal action to recover their money. Tony needs to take the same stance so that he doesn't end up in a pile of "other creditors" who get nothing. I've been there in the past and can assure you that small claims court form arriving on his desk will suddenly increase the priority with which Tony's debt is repaid. If there is a genuine reason for paying in instalments let him convince the judge!
Now obviously some people here know who the supplier is and that he is just "incompetent" but does that stretch to not paying his VAT / PAYE / Loan / Credit Card / Rent? If his suppliers don't get paid then they will stop supplying him goods and slowly suffocate the company anyway.