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Ago,
have you considered asking for payment up front? obviously you need a consequence that you are happy with if he doesn't or an enforcable contract, with some sort of penalty clause if he doesn't pay on time. (that won't cost you the earth to have enforced).
It just seems backwards here. You are powerful in this situation (and I know you want to be fair....) but if no-one gets paid if YOU don't finish the job, what would happen if you just downed tools at this point and said you wouldn't finish the job unless you had the proper rate for the day in your hand.
Say you want to go to daily wages (in advance)? that way you would only lose 1 day's wages if he pushed the boundary (or the company collapses)
Honestly, this whole set-up could collapse at a moments notice. It doesn't matter what financial problems he has, they are not of your making.
A different client would be a jolly good idea.
__________________ Ceridwen
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