Richmond Bikes, a foldable bikes company owned by Jerry as a sole-trader, runs into financial difficulties and is unable to pay its employees.Richmond Bikes asks you for advice as it appears that borrowing money for the purpose of paying the overdue wages would alert its bank, Open4Business Bank, regarding its outstanding mortgage. In addition, the payment to suppliers is due in two weeks and Jerry does not think that he will have enough liquidity to honour that debt either. Advise Jerry as to the consequences of unpaying his various outstanding debts and the different alternatives that he could follow in order to prevent the demise of his business.