This is what a lot of business owners do - take out massive loans, pay themselves a huge salary, run their business into the ground, fuck off with the remaining assets and the company order book, and start all over again.
Not exactly. If going bust was a more punitive process then small business owners would have more of an incentive to keep their companies solvent; they might pay themselves a more realistic salary and would probably provide a better service.
This is what a lot of business owners do - take out massive loans, pay themselves a huge salary, run their business into the ground, fuck off with the remaining assets and the company order book, and start all over again.
That's capitalism, folks!