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Using the corporate shield may keep you from losing your home. You are still in a huge load of crap and facing big problems if you end up with a judgement against you. You are still have to pay that judgement, and that in itself can cost enough that you will end up without your home. As far as...

You are creating an entity.

They often want a guarantor on loans for your corporation. Not always. But initially, they probably will. The glory days of borrowing are on hold.

If you have nothing to lose, you are golden. Somewhat. It would take an absolutely starving lawyer to take a case to come after you. But they exist. I hate lawyers and refuse to work for them.