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Is It True That My Debt Gets Erased Because I Was in Prison? – Laurie

“Dear Damon,

I just spend the last 18 months in prison…I have a ton of debt now because there was no one to help me on the outside.

I’ve been told that my debt is erased when incarcerated…is this true. If so how do I go about clearing my financial obligations….I don’t want or need any old problems creeping up on me.

Thank you


Hello Laurie,

I am not sure who told you that your financial obligations are wiped clear if you go to jail. What you will need to do is pull a current copy of your credit report and get an idea of to whom you owe what, and then go from there. If the debt is something that is not possible for you to settle given that you were in prison for 18 months, then you will likely want to look into filing for bankruptcy and getting a fresh start.

Damon is a talented independent debt coach that provides in-depth assistance and consultations for people struggling with debt. If you want a personal debt coach to help you through a difficult situation or want assistance to find secret discounts offered by debt settlement companies I think Damon Day is an excellent person to contact for advice and assistance. He can be reached directly at

If you have a debt related question you’d like to ask, just use the online form.

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About the author

Damon Day

Damon Day is a talented Debt Coach who offers fee based consultations to consumers as an alternative to the typical free debt relief consultations which are nothing more than thinly veiled sales pitches lacking any real information to help a consumer make a good decision. You can learn more about how he can protect you from getting ripped off at

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