This work investigates the dynamics of a collapsing magnetic string dust and string fluid in the Plank Era via spherically symmetric rainbow geometry. The field equations are modified and solved to obtain the dynamical quantities including mass density, pressure, string tension, and magnetic field strength. These quantities are presented graphically. The energy conditions are computed showing that all the dynamical quantities are associated with physical matter. The distance and moment of apparent horizon formation are computed. The magnetic field is found to affect the distance and moment of the apparent horizon's formation. It accelerates the collapsing process. Further, the dynamical variables are maximum in the collapsing configuration's center leading to compact object (black hole) formation. The probing particle's energy affects all the dynamical variables of the fluid in a direct proportion. This resolves the information paradox as a particle with greater energy grasps the information from a particle with lesser energy and takes it out in the real world.