My Money Now!!! - Newest Question

If a person has borrowed a substantial amount of money, and has not made any effort to repay the other, what should happen next? This is in the neighborhood of thousands of dollars, and three years have passed by. There is no mention of the outstanding bill. However, the borrower has proceeded with a lavish lifestyle of vacations and many unnecessary purchases. There has been a foreclosure on the home of the borrower as well. What should the lender do? It's a large amount of money, and too much time has gone by. I believe it's time to settle, or at least instill a plan to do so. A three year grace period was more than enough.

Oh boy, this is a rough place to be.