Only a fool takes a loan and pays it back, the point is when borrowing, especially for large loans, go bankrupt, get the money out somehow, use a good accountant and don't pay anything back. if you take a loan in order to pay it back, you are a loser because the interest is your work and the effort you give away. besides, banks print money out of thin air, so this money is free for everyone.
Money makes money so with this money you can set up the real honest business or to set up next business on other person name keep money flowing then build some credit history and take new loan.
That's the smart way and your time efforts getting paid and you make atleast something out of it.
It seems your objective here is to take a loan and don't pay it back you know that there's a law about it and of course there's a sanctions file on the court and even a small claims what you have. It depends on the debt you are trying to do if you are just a person who seeks for the debt just to spend money all over with your leisure you are doing wrong because those are dead end liabilities instead the item you've choose possible makes a quick differ instead those have a good strategy with the debt seeks money to create another asset to give them a good amount of cash flow so once it becomes successful and generating money those earnings from this are the one to use for paying the debt that will onwards become your profit gains.