Living in EU so I am biased but I agree with this. You have to clean your debt or real people suffer. Here is a real example: open a company, buy a small piece

Living in EU so I am biased but I agree with this. You have to clean your debt or real people suffer. Here is a real example: open a company, buy a small piece of land, section it in smaller pieces, promise you build houses, get people downpayments in cash, syphon all money to other companies with having contracts just a bit bigger than average market price, declare bankruptcy, then start again. You of course have smaller stakes in those other companies.