To answer the question: no. If I owed someone that is a stiff (whatever entity it may be), I still owe them. What they do with their money is their business. If I made the mistake of doing business with a stiff book, I would still feel that it was my obligation to pay them. Then, once everything was at a net zero, then I would re-evaluate. Either that or quit doing business with the entity but still pay them for the business I did. This may be simple and naive on my part but that is how I see it.
This is not unlike the business world. I know a few companies that have taken advantage of a situation like this and justified it by just not paying their vendor. Dirty, dirty pool. The almighty dollar is just that: almighty.
I think my view is definitely in the minority however. In my eyes, that's a very sad situation.
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