Progress payments can show a shortfall in projected cash flow. This is because the company is making payments at intervals prior to having the project in place to provide cash inflow.

obligated funds

all fixed price contracts with progress payments

D

IC's are not DUE wages; employees are. IC's are due progress payments or completion payments, as specified in their contracts.

Courts will accept contract enforcement suits.

Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.