Very good, but all completely irrelevant. If you're supposed to pay him 2k a month you should have cut 2k a month from elsewhere, most likely the playing budget.There would be no comments on this forum if you had simply because it wouldn't be in the public domain. If you were paying your debts no-one would have reason to go public about it so there would be no story.
Livingston can win. Stop spending money on players you can't afford and therefore increasing your already huge debts compared to your income.