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Unfortunately, while it may be they are charging ridiculous prices to remove the information, the problem is that bankruptcy records are public information. This means that anyone can find the information in a public records search, so the company is not doing anything wrong or illegal by publishing it on the web. The company can have a policy to charge people for removal of valid and correct public information. So, if they are reporting accurate information, they can charge you to remove it.
If the information they are reporting is false or not factual, they cannot charge to remove it, they must remove it for free or correct it for free and if they do not do so, then they can be sued for libel or defamation for making false reports.