A review of the literature. One competent peer reviewed study was done. And diluted Clorox (sodium hypochlorite) is being used as a rinse, spray, wipe, etc. to combat germs in the skin which may be resistant to conventional antibiotic therapy.
Fran Bankovic also found an anti-inflammatory effect.
Bleach or sodium hypochlorite THIS IS THE BEST DOCUMENT
Bleach Baths- Use, Instruction, and Side Effects — DermNet
Topical Treatment of Canine Superficial Pyoderma – Edit
Sodium Hypochlorite-Salicylic Acid Shampoo for Treatment of Canine Staphylococcal Pyoderma – PubMed