Why do private business owners commit suicide after bankruptcy?

Dignity.
It's not that they don't want to live—it's that they can't live anymore.
It's not that they have no money—it's that they owe too much.

What you think bankruptcy looks like:
Rolls-Royce becomes Geely, villa becomes a two-bedroom apartment.
Annual income over 100 million becomes monthly salary of 30,000, assets of several billion become zero savings.

What bankruptcy actually looks like:
The car is still there, the house is still there, savings of several million remain.
But the company is insolvent, high-interest loans in the tens of millions, bank debts in the billions.
Powerful investors owed several billion.

Why borrow from loan sharks?
Because of dignity.
Enterprise funding collapses, internal disintegration, external bloodshed and chaos.
Sell the company and become a wealthy heir?
Ten billion in assets sit there—you have factories, markets, tax revenue, government support.
Once the assets are gone, you become a ten-billion-yuan fat sheep.
No protection, no safety net, countless people will come after you.

Why does no one help?
The entrepreneur is the most successful person in their social circle.
No one behind them can help; everyone depends on them for survival.
Equals in wealth are all competitors.
Even finding opportunities to destroy you is difficult—helping is out of the question.

Default and bankruptcy are different things.
A defaulter isn't bankrupt—they're a highly successful businessman.
Managing to retain wealth that doesn't cause problems.
While guaranteeing their own interests, maximally exploiting others' interests.
You can say their morality is questionable, but in ability, they got the money.

A bankrupt has exhausted banks, depleted investors, borrowed from loan sharks.
This money is the main factor in their suicide.

Why is suicide considered dignified?
You owe so much money and can't repay it.
If you don't die, everyone loses face.
If you commit suicide, you give everyone dignity, and they give you dignity too.
If you won't be dignified, then people will make you dignified.
This sounds cruel, but reality might just be this cruel.

Some rational thoughts for ordinary people:

First, don't mythologize bosses.
Bosses aren't gods—people obey because of strong ability and large interests.
Once they show weakness, eating the big boss becomes the choice for maximum profit.

Second, don't believe the "comeback" chicken soup.
With three to five million, you can restart if you grit your teeth; with three to five hundred million, there's opportunity with effort.
Three to five billion? Requires strong ability + connections + timing + creditors letting you live that long.
All are essential.

Third, once wealth reaches a certain level, it no longer belongs to you.
You no longer belong to yourself either.
The red aristocracy needs several billion to become a boss; for ordinary people, several hundred million is the limit.
Different hierarchies, different rules.

Fourth, small people believe in defying fate—because they need to.
Big people can only accept fate—because fate created them.
This isn't chicken soup; it's reality.

Finally, some hard truths:
Some views are harsh, but some realities are just that harsh.
You don't have to agree, but you can't ignore it.
Business is a one-way street.
Either keep growing bigger and stronger until death.
Or die on the road.

But don't be discouraged from business, wealth, or entrepreneurship because of this.
Most people never reach the "bankruptcy suicide" level in their lifetime.
First, do your current job well and master your skills solidly.