If you have already inherited the property, then it is in your name and yes filing a bankruptcy will impose the automatic stay which will stop the foreclosure sale temporarily.
Depending on which Chapter you file and what type of payment plan you propose (if a Chapter 13 or Chapter 11 case) and other factors will determine how long the foreclosure will be postponed, or eliminated.
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. CONTACT MARK for more information or to schedule an appointment.
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