Finance House

What is the name of your state? TX
I am at wits end! I have a combined credit card debt of approximately $40,000 that I have entered in to a debt consolidation program. One of the creditors has turned the account over to a collector and now I have received a letter from an attorney's office as notice of a lawsuit that will be filed against me if the balance is not paid. I have invested money in the consolidation program for four months instead of making monthly payments on the credit card account (since it is not feasible to do both) and therefore am that far behind with the credit card! I felt this was the only option I had outside of bankruptcy.
My question is: What can happen as a result of a lawsuit of this nature? Can wages be garnished, liens filed against home and cars? If this is the case would I be better off to remove this particular account from the program and see if the creditor will be willing to work with me to get this debt paid off?