If property to be sold is withdrawn from sale, or if the property owner has filed for relief in bankruptcy, the judicial sale shall be cancelled and the Commissioner shall give notice of cancellation of sale. If the Master Commissioner, prior to the timely cancellation of a sale, has expended sums in furtherance of the sale, he shall file of record with the Bell Circuit Court Clerk a Report of Sale and Costs of Sale Upon Cancellation, and may therein petition the Court for reimbursement for sums expended from the appropriate party.