MB, you obviously know how much your time is worth. If you go after him, you can lose time and maybe other jobs while you chase him. I would take advantage of any free and easy ways to make him know much of a slime he is.
You know we all have fun with FLL claiming poverty from his lakefront house, and I just read an article about how people are considered in poverty even if they have a house, good food, color TV and a cell phone. But people have to learn to live within their means. This guy has a boat and a jet ski and he won't pay his bills! Boils my blood.
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