have a pending foreclosure will chp 7 eliminate the foreclosure or would the foreclosure be better?

A foreclosure is a procedure by which a creditor secured by real estate can sell its collateral (your property) in order to get paid on its lien. When you ask if a Chapter 7 bankruptcy will eliminate a foreclosure, I'm not sure how to answer because it doesn't really make sense.   A Chapter 7 will temporarily stop a foreclosure sale assuming the case is filed prior to the foreclosure sale, but the creditor will eventually be able to complete the sale after obtaining permission from the bankruptcy court. I believe what you meant to ask was whether a Chapter 7 will discharge any deficiency owed after a foreclosure sale.  The answer to that is yes. Whether that is your best option or not depends on a number of factors, including potential tax consequences of the foreclosure sale, so you should consult with a bankruptcy attorney in your area to evaluate your situation more fully. Mark Markus has been practicing exclusively bankruptcy law in California since 1991.  He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization,  AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.  Los Angeles Bankruptcy Lawyer