I have had many phone conversations with Chu on this. In the end, it just did not make sense to throw good money after bad. I am pretty sure Chu would continue to pursue it but not with his own money
In addition, the statute of limitations has probably expired on this depending on when the default would have been deemed to occur.
Again, this was my mistake, but there were others who either lost small amounts or took moving heaven and earth to get him to finish small projects. I just want to make sure no one forgets and somehow lets him back into the community (I periodcially look at Parts Express to make sure I put in a "good word" if I see him posting.) Frankly, he is the only bad apple I have met in the DIY/small speaker business community. It is kind of shame because he had the knowledge to complete the project but spent all the money on his own wants.