If I declared bankruptcy once my credit rating would be shot, and I would have a hard time convincing anyone to let me manage a business. If I did it three times I think that would disqualify me from "Being good at Business".
If I refused to pay contractors or my workers , I would be considered a very bad businessman as well. If I cheated the city out of payments, then fought the audit, then lost over a third of my ledgers and accounts, then ultimately lost the case and paid the city what I owned in the first place... I wouldn't be "Good at Business"