why doesn't he just declare bankruptcy I read through that whole thread, and seems like that is what bankruptcy is for, he is suffering physically because of a bad business move.
What's the bad business move he made? How can someone possibly lend 4000 BTC and lose not part of it, but all? =/
**disclosure: I am completely clueless on what happened**
One day, you go out for drinks and take a bit money to pay for it, telling yourself you'll put pay it back tomorrow. Another day, you get evicted, so you take another few thousand BTC out, again telling yourself you'll put it back later. You can't cover it with your own money, so you ask for more loans, and more loans, do more deals, more businesses, etc.
I doubt skakaru ever went into this planning on losing all the money or scamming people in any way.