I've read a OAB statements that what exists is "personal insolvency". If you prove that (yes, you have to prove it, including hiring lawyers and all to do that

I've read a OAB statements that what exists is "personal insolvency". If you prove that (yes, you have to prove it, including hiring lawyers and all to do that), then you can't own or manage business for 5 years, all your assets are sold, and all future earnings are used to pay debts. Also, you can't use banking services and credit cards for 10 years, and can't do any commercial transactions for 5 years. The deal is so bad, but so bad, that in many Brazillian states the amount of people that ever tried that, is zero.