Owner declares bankruptcy in 6 days. Can I still purchase house?

[Brandt Fanion]

I'm looking at a property in Nashville, TN that's owned by an out of state owner. The owner has suffered from medical issues and is now declaring bankruptcy. The bank will be foreclosing on the house in 6 days. Is there still time for me to purchase the property, assuming I had a buyer the following day? 

I would be viewing the house tomorrow and getting a contract signed.