In the aftermath of the financial crisis and the severe recession, some people and businesses do indeed face losses, including the many mortgages that remain under water. However, in my view, using inflation to assign winners and losers associated with these bad debts is poor monetary policy.
It is probably poor fiscal policy too, but it would undoubtedly mix monetary policy and fiscal policy in a way that could undermine the independence of the central bank and its ability to maintain price stability.