Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
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Ultimately, claiming bankruptcy will not help your credit report. Waiting a few years for the charged off debt to lose relevance on your credit report may be a better move than declaring bankruptcy which has the ability to negatively affect your credit for 7-10 years.
You may want to take a copy of your credit report to a bankruptcy attorney for further discussion on whether this is the best route to go. However, if your debt is charged of and they are not trying to collect or sue you for it, it may be old enough to where they really cannot take any further action on the debt. In which case, filing bankruptcy may not be your best move.
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