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Saturday, July 15, 2017 9:10:57 PM
I would also apologize to the creditor for choosing to voluntarily default on them. Corporate America doesn't like that, but it's often a very good idea to show humility when you've elected to screw up (see what happened with United Airlines a couple of months ago).
Both the above actions make the creditor whole financially and emotionally. That would be my approach, because creditors fund the company, so a good working relationship with them is extremely important. Wais from his prior actions obviously feels differently.
That may, or may not, answer your question, I don't know,
The paradox of iHub: buy high, sell low
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