If I file for bankruptcy, does it mean my old bad debts are erased from my credit report?

West & Hurley
Cincinnati – Dayton Bankruptcy Attorneys

(513)771-8700 or (937)748-1749

When you file for bankruptcy, your personal obligation to pay debts is legally erased. However, this is not to say that the information will be erased from a credit report.
Credit reporting bureaus are permitted to continue to list that the debt existed
prior to the bankruptcy, however, the debt must be listed with a zero balance with a notation that states the debt was included in a bankruptcy. Therefore, future creditors will know that that debt can never be collected from you. This is actually a positive indication in many cases because future creditors know they don’t have to worry about the old creditors ever trying to collect that debt from you.


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