I agree to most of the answers below.
Since this person filled for bankrupcy - you must consult an attorney.
It may not be all that bad. Since you making payments on time most it should not be foreclosed. However due to a limited amout of information you've provided it will be unprofessional to advice you for certain. You need to check his bankrupcy filing, what chapter? Is this property included? How much total dept, etc...
By far the best way is to call an attorney.
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