Removing a bankruptcy can be one of the biggest challenges that you will face when it comes to repairing your credit rating. The reason for this is, in order to remove a filed bankruptcy from your credit report you must remove every last account on your credit reports that mentions you filed bankruptcy. What you will usually find is that 80% or more of the accounts will be easy for you to remove from your credit reports while there will almost always be a few "stickier" accounts that just won't go away without a fight.
The First Step:
You must review your credit reports carefully and highlight every account that mentions "including in bankruptcy" or "bankruptcy" in general. These are the accounts that you must remove to completely rid your credit file of the stigma that goes along with filing in the first place? If you have moved since you have filed you would first want to remove the old address or addresses to make the credit repair process easier.
The Second Step:
Now you must go through and effectively dispute every account that you found in step one. You will want to find errors in the way the accounts are reporting and dispute these errors. For example, if the account balance is incorrect or the credit limit, dispute that as inaccurate and ask the account to be deleted permanently. Since the majority of creditors will not validate the request from the credit bureaus on accounts that they have closed due to being included in a bankruptcy, you will find a lot of the accounts will simply go away forever using this method. This process can take several months, but you must be patient. Your patience will be worth it.
The Third Step:
Now we are going to take a look at how the bankruptcy is stored. Understanding how the filing of the actual bankruptcy works will help us to successfully get the bankruptcy removed from your credit profiles. After a period of two years your file is moved from your local court house at which it was filed and moved to a central storage place. If you visit your local court to ask to see your file, you will have to submit a request for them to retrieve the file from the centralized storage location. You must have them order it. It will take about one week for it to arrive. Once they receive the file, they will notify you of its arrival. During this time is when you will want to dispute the bankruptcy with all three credit bureaus. The credit bureaus will contact the central storage facility and low and behold the file will not be there for them to verify it. You must delay your local court in going to view the actual file as long as possible. The credit bureaus only have 30 days to verify the file.