Hello and thank you for allowing me to address your legal question.
No, you cannot go to jail for simply failing to pay your bills. However, if you somehow intentionally defrauded somebody, then that could lead to jail. For example, if you intentionally misled people into giving you money knowing that they would never be repaid because you were going out of business, then that could be considered fraudulent. Fortunately, the law sees a difference between being a poor business person and being a criminal.
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