Colossians 2:13-14 (NIV)
When you were dead in your sins and in the uncircumcision of your flesh, God made you alive with Christ. He forgave us all our sins, having cancelled the charge of our legal indebtedness, which stood against us and condemned us; He has taken it away, nailing it to the cross.
Once we were dead, all because of our sin.
But.. now we are most surely alive, not just for the present, but also for eternity!
Christ has cancelled out our sin and broke the chains that kept us bound to our old, sinful nature.
We can stand before God with an open conscious knowing that we are righteous and free.
Our sins has been nailed to the cross.