We have a contractor that is quite late in payment. He has asked me to give him until March to pay off his debt before filing a claim against the bond. The last piece of his equipment shipped in December so I believe I have until June to file a claim against the bond. Is there anyway between now and March that this customer can screw me out of getting money from the bond, if I grant him this extension? I just want to make sure that if I will still get my money from the bond as long as I file by June. If he goes bankrupt, do we lose access to the bond. Can he just cancel the bond and prevent me from getting paid?