Buying a house from wholesaler and finding out the owner started bankruptcy

[Yehuda Izmagristo]

Hello Guys I need suggestion on a situation:
I'm in a contract to buy a house from a wholesaler, I put earnest money the title company did a great job and just found out that the owner just filed a bankruptcy. This already delaying the process and I think I could of get the house in a better price. Is it normal and possible to negotiate for a better price for the house in this position?