No offense, but that sounds naive. Have you done any meaningful consulting work? My experience was that the highest value clients paid somewhere in the net 45 to 90 range, despite contracts stating that we billed net 30…
You don't stop work the moment somebody is an hour into arrears, but you do adjust your prices to accommodate the risk of non-payment.
You find another client. This one is not going to pay you, and a bankrupt company will, in the very best scenario, give you a few pennies on the dollar, a long long time from now.
No offense, but that sounds naive. Have you done any meaningful consulting work? My experience was that the highest value clients paid somewhere in the net 45 to 90 range, despite contracts stating that we billed net 30…
You don't stop work the moment somebody is an hour into arrears, but you do adjust your prices to accommodate the risk of non-payment.
You find another client. This one is not going to pay you, and a bankrupt company will, in the very best scenario, give you a few pennies on the dollar, a long long time from now.