A bankruptcy can be removed from your credit report. I have done it myself, well I should say I hired a company to do it for me.
Essentially how credit repair like this works is you, or attorneys you hire, contest negative marks on your credit report. The Fair Credit Reporting Act gives you the right to dispute anything on your credit report. Once the credit reporting agency contacts the creditor to verify the account they have 30 days to respond with verification. If they do not respond the mark is removed. If they do respond you can challenge again and ask for actual proof.
I do know that it can get to the point where they have to provide signed contracts, a list of all payments and bills, etc. What typically happens is the creditor does not respond and it is removed. The same is true of a bankruptcy, often the court does not get the information to the credit reporting agency so the bankruptcy is removed.
That doesn’t mean they can definitely remove a bankruptcy, or anything else. They may or may not. Obviously if the mark on your credit is not accurate it is a lot easier to have taken care of. I had credit issues caused by id theft that I was unable to do much about, but a credit repair agency quickly removed all the negative items and increased my score over 200 points. I know others who had legitimate bad marks, they seem to be able to get most of them removed but not all.
Of course, this doesn’t remove the actual bankruptcy, or any debts owed. It just removes them from your credit reports.
Any account included in a bankruptcy remains on your personal credit report for a maximum of 7 years from the date the bankruptcy was filed. The bankruptcy itself, listed in the public record information section of a credit report, remains for either 7 years from the filing date if it was a Chapter 13, or 10 years from the filing date if it was a Chapter 7, 11 or 12.
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