If you purchase a horse and signed a contract to make the final installment by a specific date, just pay it.
If you find you don’t have the money to pay in full, pay what you can. Don’t be an ostrich and hide your head in the sand hoping the contract will disappear, it won’t.
If you are a trainer and act as an agent for a client who hasn’t met the terms of a contract - don’t “stretch the truth.” Is your business worth so little to you that you are willing to lose it for one client?
Paperwork assembled to file in court tomorrow.