Read your sibling comment... basically doing this solely for the purpose of trying to avoid debt won't work unless the creditor is just too lazy to pursue it.
Of course. If you have a viable business and the debt is related to that, that's exactly what the corporate veil is for. If you just want to hedge your bets on your personal GCP bill for hobby stuff, not so much.
if you're experimenting with side project that you think has potential commercial value then this is why limited liability as a concept was invented
(as always, speak to lawyer)