[themixxxologist]

Hey guys! This forum is great and I just wanted to say thank you to all of those who participate. Does anyone have any experience working with bankruptcies? My best friend went through a bankruptcy then got into credit repair and was able to get his removed. It was about 3 years after he filed for bankruptcy. He did state that he had to pay some of it back, but he was able to get the bankruptcy removed! He was willing to teach me what he knew but he passed away. Anyone with any info or advice?

[themixxxologist]

Ok well thanks anyway..

[jlynn]

Don't take it personal. Your friend stated he had to pay part of it to get it removed. That really doesn't make any sense as BK's are a matter of public record. Paying a creditor would do nothing for the reporting of the BK itself.

[themixxxologist]

I agree with that, I wish he was here to help me. Do youknow of a way to have the bankruptcy removed before the ten years? I see articles online that say anything can be disputed but is it true that you can be charged with fraud if they think you are lying?

I found this article online.

"Credit report repair can be a long, tedious process and one of the hardest items to get removed is a bankruptcy.

In order to remove a bankruptcy, you must remove everything else from your credit report first, here is why…

If you have a bankruptcy and several accounts under it entitled “included in bankruptcy” the credit bureaus will simply assume it’s accurate since you have accounts that are covered under bankruptcy protection.

The First Steps: Go over your credit report very carefully. If you live at an address other then the address where you filed, have it removed. Debts are often tied to addresses.

Then, dispute and remove every account showing as “included in bankruptcy”. This shouldn’t be hard since creditors have very little incentive to verify the information. Why would they? They can’t get paid on it.

This process can take several months be patient, I promise it will pay off. Let’s look at how bankruptcy files are stored; it is the key to successfully removing it from your credit report.

How your bankruptcy is filed and stored. After two years, your file is moved from the local court at which you filed, to a central storage facility. If you go to your local court and request to see your file, they will have to order it and have it brought back to the court.

Have them order it. The time it takes to arrive is about a week. Once it arrives they will put it in a special place and notify you that it has arrived.

Let me back up for a moment. Once you order your BK file, wait about 3 days and then send a dispute to the credit bureaus. They will then call the “storage facility” where your bankruptcy file should be – and discover it won’t be.

It will be either in transition back to your local court, or already there and waiting for you to come view it.

Stall tactics are key. Once your file arrives back to the local court, they will start calling you to come view it. It is very important that you delay as long as possible. Remember, credit bureaus have 30 days to verify any disputed debts and it’s very important you keep your file in that “holding room” for as long as you can.

Tell them, you’re extremely busy at work, but will be there Monday. Call Monday and inform them you had an out of town meeting and promise to be there Friday. What you’re trying to accomplish is keeping that file on hold the entire 30 days while the credit bureaus tries to verify its existence.

Marc Chase is a Partner at NOLINKS.Com – A nationally recognized authority on credit report repair. His company are used by agencies such as The Department Of Defense, Washington Mutual, Country Wide bank and they have been featured in several prestigious newspapers as “one of the few true authorities on credit repair” Visit his site at http://www.NOLINKS.com"

Think this will work?

[jlynn]

No one is sure that it will work. Everything before the paragraph beginning "the process may take several months" is pretty much what others I have read about do.

You do not have to lie to have a bk notation investigated. It is your right to ask to have things verified for accuracy.

However, if it is removed from your reports does not mean it is removed from public record. I say this because many applications (including mortgages) at least used to ask if a BK had been filed in the last xxx years. You can't deny it because it isn't on your cr. It can still be found.

[Hedwig]

And it will probably still be on a full factual, which is usually pulled for mortgages.

[Enigma]

Most BK filings are digitized now. It generally does not work and is somewhat of an urban legend. Ten years ago it may have worked.

[themixxxologist]

Thanks for all your help!