Basically iBill is already in breach of contract. It is ironic anyone pays attention to a contract that has been breached. Try that on a judge and see how long any purported exisiting contract holds up!
The issue is iBill's inability to pay it's creditors/clients.
I'd like to see any officer of iBill mutter bullshit to me about not paying recurring billing when they are already up to their necks in existing unpaid amounts.
If anyone has such info... it would be interesting to see it. :-)