Yes, default is the best option.
Default, and eventual cancellation of the debt is the only way forward.
“Default, and eventual cancellation of the debt is the only way forward.”
Wow. There are few people on this forum I would take seriously saying such a thing. But you are one of them.
I have a hard time imagining how that would work in any positive manner, but perhaps in contrast to the alternative of letting it go until there are few options available.