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Filing bankruptcy will temporarily cease any foreclosure activity on a home. If you file a Chapter 7 action, the protection will only last a short time depending on your equity position and the homestead provision of the state in which you file personal bankruptcy. Should you file a Chapter 13 petition, you will not only stop foreclosure but probably save your home. Since you will be making arrangements to pay a portion of your balances due on your unsecured debt and, probably, paying debts in full on secured loans, you should be able to keep your home.