I did years ago.
A client stiffed me for $5,000. I had to go to all my vendors, hat in hand, and explain it would take awhile to pay their invoices, but I'd do it a little at a time. Without exception, they were completely understanding and helpful, gladder to receive slow money than none at all, and glad to send business my way, too.
I sold several guns I've sorely missed over the years, including an original Contender and a collection of barrels it would cost a fortune to replace today.