Entire websites are devoted to this topic so I will try to summarize how a bankruptcy can keep you in your home.
Chapter 7- This proceeding can stop a foreclosure temporarily and give you at least 30 days in most jurisidictions to move out and surrender the home, or if you are lucky, work out a loan modification with the lender so you can save your home( very unlikely but possible).
Chapter 13- The better choice to save your home and reorganize your debts. Your past due mortgage payments are spread out over 3 to 5 years so you can take your excess income and pay the bank back.
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