What do you think will happen with the banking system? If we reincorporate then debts do not carry on, I get that for the new USA, but what about individuals debts? Banks in general what happens to their funds not being enough to cover their exposure?
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for it to be practical only one change at a time.
going back to gold standard will be a big enough change/challenge. if that actually happens then maybe over time all fiat denominated loan will just resolve themselves.
that is assuming the unbacked fiat dollars will still have some value in the short to medium term. historical precedent says that it will indeed continue to have value for a while due to inertia or if there is a conversion mechanism between the fiat dollars and the gold backed.
Seems like a stable plan.