Can the Registry of Contractors hold me liable for a debt that was charged off?

A debt that is charged off is only a debt that is seriously delinquent. Use of the phrase ?charge off? does not mean you don?t owe the debt. In addition, if you had discharged this debt in a bankruptcy, the Contractor?s Board can pull your license if you don?t make good on debts to suppliers, so whether you chose to pay depends on how important it is to you to maintain your professional credentials.

A "charge off" notation on a credit report is an indication that the creditor believes the debt is unlikely to be collected. A "charge off" does not relieve you of liability.