My question involves collection proceedings in the State of: CA
I received a summons today for a unpaid debt over $25,000. It says I have 30 days to respond from the date I was served. It is filed as a Civil Case (Unlimited) Contract=Other Collections, not a class action suit, it also mentions "common counts", and on the last page it says it is in the delay deduction program.
I am wondering what my options are (fight it and hope it gets dropped (how to move forward), settle, or file Bankruptcy, etc...) And if I am forced to go the bankruptcy route will I lose my house/vehicles/personal property? Thank you for the advice!

