bk foreclosure short sale

here the scenerio: unmarried couple buys a condo in Phila, PA at height of market, goes into default in 2008. Couple splits up, vacate the premises… one party files bankruptcy the other does not. The bankrupt party has his half of the debt discharged. The bank is proceeding with foreclosure as recent as 1/15/10. What are the chances of short sale?

Thanks

As long as both parties sign everything you are good!