Think you are referring to crank shaft. You can "try" a thread tap tool same size/thread pitch as hub bolt to see if you can chase the threads clean.
What may have happened is someone tried to put the hub on crank by pulling it on with the bolt. There are only a few threads the bolt would catch on with the hun just starting on the crank so not much thread grab and the first few threads in the crank will strip but the rest should be fine if this was the case
you never want to use a damper hub bolt to "pull" the hub on. Make a home made install tool using all thread rod, washers, thrust bearing and a nut
If the threads are really FU and a tap won't fix them....you have to install a heli coil as Atlanta notes
\'96 BBB 383/T-56