Using bogus whois info is a great way to lose your domain. If you are afraid of exposing your phone number and address, rent a P.O. box and get a throwaway number to use in the interim.
You will not lose your domain for having bogus information for 7 days. Having bogus information takes months of not an entire year to ever go through and the worst you will possibly get is a very stern warning to update your information or your domain will be taken away.
I still have a .com domain that I've registered from when I was a child and I've just never bothered to update the information on it, the regulations on these are as lax as godaddys security.
If you're a site with millions of views a day this might be different.
