My house is about to go into foreclosure. Can bankruptcy stop the foreclosure sale?

Yes. Once an individual files for bankruptcy, the automatic stay, an injunction imposed by the US Bankruptcy Court, prevents your creditors from taking any collection-related action against you, including holding a foreclosure sale. While bankruptcy can stop a foreclosure, keep in mind that this is only the first step in retaining your home; depending on the situation, keeping your home may require a substantial financial obligation.