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Yeah, bankruptcy basically does not let anyone off the hook who owes the bankrupt company or person a debt. But collection is overseen by a court which definitely can mean that efforts to collect debt owed to the bankrupt party can intensify and are unlikely to end until money is collected.

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Over a decade ago, when I first left home, I bought a bunch of home appliances on finance. They never collected any payments, and a few years later, they went bankrupt. Nobody ever came after me and nothing ever appeared on my credit report.

It doesn't happen often, but it does happen.

Did they restructure or liquidate?

Same here, although it was bedroom furniture and bed/mattress etc., to the tune of a couple of thousand dollars. Even set up autopay.

Never once charged. Two years later, company was shutdown. Ten years ago now.

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