I call this idea the Trump Special. Get as many unsecured lines of credit and credit cards as you can, max them all out via cash advances. Pay student loans. Get a loan to payoff said credit card/line debt. Pay student loans with this money. Top it off with every payday loan company you can find and pay student loans. File bankruptcy on the credit cards, the CC debt loan and the payday loans.
Also I’m pretty sure if you start a business (llc or corp) any loans you get aren’t actually going to hit your credit as far as not paying them back. The business is a separate entity. Now, if they’re attached to your bank account in some way it may effect you banking history and ability to get an account.
@The Oi might be able to answer the business part.