You've said it a dozen or more times now, it's a shit excuse and I don't know if you believe it but if you do, wow...The current contract that is the one that is legally valid.
Can't pay? Rewrite the contract and it's all ok?
Run out of cash again? Rewrite the contract again.
It's such an easy (lazy) 'out'. If it was United, I'd be slating them.