Academic bankruptcy and grad school application

[StevenScott]

Will filing for academic bankruptcy and voiding all of my previous undergraduate coursework reflect badly on me when applying for graduate school?

You may wonder why I've chosen to do this. Believe me when I say, my transcript is BAD. 

I made this drastic decision not only to do better this time around but also to prove to myself that the student I am now is different than the one I was before. Since the voided coursework will remain on my transcript, I'm worried that this may reflect badly on my grad school application. And yes, I realize that time is still a long ways away since I voided the coursework.