I'm going to say no on the grounds that it's going to create further bad blood between two people; cut your losses and run when you loan money to friends, and don't be surprised when they don't, or can't pay up. That's been a very valuable life lesson to me that has saved a few of my friendships. I just don't loan money anymore.
Anyways, the further fighting it would cause is probably not worth the argument, unless the sum is substantial, in which case there are other channels to reclaim what's yours.
Is it wrong for a guy to have sex with a raw chicken, clean it out, cook off any bacteria, and then eat it?*
* Real question from a real psychology study of morality; fun!
EDIT: Also, best of luck keeping this threat squabble-free. Lol.
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