Yes, You List Even Charged Off Debts. Because Charged Off Doesn't Mean that the Debt Has Vanished.

Sometimes when I talk to people about bankruptcy, they tell me that they wonder if they really need to list a particular debt, because the entire six hundred thousand dollars in debt shows on their credit report as "Charged Off".

Whether it's six thousand, or six million dollars in debt, the analysis is the same: Charged Off doesn't mean very much at all to you or your bankruptcy.

It is an internal bank accounting term, and means a good deal to the bank as to how much it can lend.

But it means very little to you!