While I do believe from what i have read that Risto has defaulted on some obligations, from what I know of him elsewhere, I suspect the principal deceptions were self-deceptions.  It seems likely that the dissonance between his honorable intentions and the outcome of some earlier unwise decisions is creating internal stresses under which one might easily crumble.  Such times test men's souls.  Clearly, from the red, he will not escape with reputation intact.  I do hope he can come out the other side with his moral integrity and his health intact.  Creditors should wisely will themselves to agree, as without them their haircuts are likely to be close to the skin indeed.