Your comment reminded me of this article, The Software Quality and Productivity Crisis Executives Won’t Address, which discusses the lack of technical leadership when it comes to tackling technical debt, and that the solution is usually a rewrite.

Instead, most organisations don’t tackle technical debt until it causes an operational meltdown. At that point, they end up allocating 30–40% of their budget to massive emergency transformation programmes—double the recommended preventive investment (Oliver Wyman, 2024).