What happened to the debts previously acquired by the US -Articles of Confederation?

Under the Articles of Confederation, the U.S. government struggled to manage its debts due to the lack of a strong federal authority to impose taxes or regulate commerce. Consequently, creditors faced uncertainty as states often refused to honor debts, leading to economic instability. The situation prompted calls for a stronger federal government, ultimately resulting in the Constitutional Convention of 1787. The new Constitution allowed the federal government to assume state debts and established a more effective framework for managing national finances.