Do you consider this technique “BAD”?

Question

Sometimes you need to skip execution of part of a method under certain non-critical error conditions. You can use exceptions for that, but exceptions generally are not

Answer 1

You're pretty much just disguising a "goto" as a fake loop. Whether you like gotos or not, you'd be just as far ahead using a real undisguised goto.

Personally, I'd just write it as

bool isGood = true;

   .... some code

   if(isGood)
   {
   .... some more code
   }

   if(isGood)
   {
   .... some more code
   }