Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
In order to stop the foreclosure proceeding a person can file bankruptcy, either Chapter 7 or Chapter 13. However, in order to keep your home in a Chapter 7 you "reaffirm" the debt, but you can only reaffirm the debt if you are current on your payments. To file a chapter 13, you must have enough disposable income at the end of each month to show that you can make the confirmed plan and monthly payments. You do not have to be current in the payments, they get rolled into the plan, but you do have to be employed.
It seems you are caught in the middle somewhere. If you were able to get employment, the Chapter 13 would help you.
You have unlimited homestead protection in Florida, because you have owned your home long enough, so your equity would be protected if you did file either Chapter of bankruptcy.