No. Not really. It depends.
This ritual is designed to protect and clear away harmful influences, not to neutralise or destroy spell bindings. (ASH is an owner of Creepy Hollows and has created many of the spell bindings sold in the CH Shop that users of this ritual may well own.)
As this Spirit Keeping FAQ explains: CH bindings are fine. Not every seller may have taken this into account, so we may need to ask them.
https://www.creepyhollows.com/faq/?acti ... artlang=en
You'll be able to find out a great deal more valuable information by checking out the spirit keeping FAQs, which can be found here.