If you default on everything assets such as that successful business will be reclaimed by the creditors/government, of course this depends a bit on where you li

If you default on everything assets such as that successful business will be reclaimed by the creditors/government, of course this depends a bit on where you live but for instance in Sweden if you default you're required to live on minimum living expenses for five years, any assets you amass over this minimum living value will be claimed by the government.