If a business total liabilities exceed its total assets, the business is technically bankrupt unless it is expecting a sudden and favorable change in its sales forecasts (i.e. introduction of a new product with a lot of appeal). Is it possible that a company could be bankrupt yet still make payments on its current debt obligations? Ethically, what disclosures if any should such a business make toward its customers, suppliers, and creditors?

What are your thoughts on this from a Christian perspective?