Is it legal for a corporation to exist, have 1 owner, and for the owner to use umbrella corporations to ''operate'' while racking up accounts in variou

various places and leaving all accounts unpaid, closing the doors, and opening another umbrella company mutiple times? One because of failure I can understand... but is it legal to do it multiple times? Will the owner or their employees ever get into trouble when these types of decisions are made on purpose? Closing an account because you owe money and then opening a new account with a new service provider / or vendor to do the same thing until the doors close because there are no other accounts to open?