Bankruptcy is the most powerful foreclosure tool one can use in this Country.  And in these tough economic times, its not so much a question of whether a bankruptcy filing can stop foreclosure, but more of a question of what else can the bankruptcy do in addition to stopping the foreclosure.  For instance, it may be possible to attack the mortgage itself and entirely strip it off the property if there is an enforceability issue.  Likewise, if new legislation is passed, arrears may no longer be an issue since the home loans will be entirely restructured into 1 mortgage reduced to fair market value, with a lower interest rate, a lower payment, and spread over 40 years.