If you decide not to settle but rather fight a creditor trying to make you pay a debt that you want to discharge, here’s what happens.
Execution liens on your home are like judgment liens, “avoidable” in bankruptcy. But only if the underlying debt can be discharged.
The timing of your Chapter 7 “straight bankruptcy” case can make a huge difference in dealing with your debts.
Which of the two consumer bankruptcy options is better for you if you have lots of unsecured debts depends on the kind of unsecured debts.