Quote from: Bananery on May 04, 2014, 12:10:38 AM

Quote from: tolan77 on May 03, 2014, 11:56:10 PM

Quote from: Bananery on May 03, 2014, 04:35:05 PM

According to my estimates he could repay at most 40-50% at this time if he sells everything and manages to buy at $450. Probably not going to happen, as he refuses to accept the reality.

Only way to get him to do that would be through the courts. I'd prefer him not have to do that if he has the bitcoins to pay what he owes but would prefer some of my bitcoins back as opposed to none if that's what it comes down to.

Did you read my messages? When I say the only way for him to pay back anything is to sell all of his assets and buy bitcoins, I mean he doesn't have much bitcoins. If you prefer him not selling his assets, you don't want to be paid.

The longer he takes to convert his assets, that are not bitcoin if you still don't get it, to bitcoins, the less creditors get back DUE TO INCREASING BITCOIN EXCHANGE RATE.

He doesn't have bitcoins, but he has some assets. If he wants to pay, he must sell assets and buy bitcoins, so that he can pay back a part of his debt. My estimate is if he sells everything, he might repay at most 50%.

I said 'prefer' and 'if but I admit I worded it terribly. What I meant was, I would prefer him to just pay what he owes in bitcoins however he can without us having to MAKE him sell everything. If that's what we have to do though I am more than willing to do so through legal action to recoup even just partially what he owes me.