Right? Would people react any differently if it was one company's accounts receivable trying to get money out of the other's accounts payable and the one owing

Right? Would people react any differently if it was one company's accounts receivable trying to get money out of the other's accounts payable and the one owing the money was going bankrupt? When you take out a loan the contract specifies what happens so long as you keep paying, and also what happens if you stop paying either out of choice or inability. I can't see how it's a moral matter in the slightest. You literally can't be violating the contract if the contract has language which addresses the situation you're in. You might be in default, but that's not a moral issue, it's a contractual one.