whitewashing

To paint (a building, a wall, etc.) a bright white with whitewash.

To clear (someone's) debts, especially through a declaration of bankruptcy by a court; also, to clear or write off (a debt).

To hide (someone's) mistakes, or to create an appearance of honesty, propriety, etc., for (someone); also, to intentionally hide or overlook (mistakes, unfavourable facts, wrongdoing, etc.).

To paint bright white with whitewash (noun sense 1).

To have debts cleared through a declaration of bankruptcy by a court.